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Modern workplace of laptop, clock, money, dollars banknote with copy space on white wooden background

My colleagues and I are beginning to think seriously about embedding annuities in 401(k) plans.  401(k) plans generally offer lump sums, which means that retirees have to decide how much to withdraw each year.  They face the risk of either spending too quickly and outliving their resources or spending too conservatively and consuming too little.&nbs…

Photo of an older white man

Rarely does academic research make a splash with the general public like this did. A grim 2015 study, prominently displayed in The New York Times, showed death rates increasing among middle-aged white Americans and blamed so-called “deaths of despair” like opioid addiction, suicide, and liver disease. Rising mortality, especially for white people with low levels…