Archive: Wenliang Hou
The brief’s key findings are: Retirees face many financial risks, such as outliving their money, investment losses, and unexpected health expenses. How important are these risks and how well do retirees perceive them? The analysis finds a big disconnect between how actual and perceived risks are ranked: Actual: 1) longevity; 2) health; and 3) market…
The brief’s key findings are: In a 401(k) world, retirees have to decide how to draw down their nest egg. Annuities are one solution, but few people buy them due partly to cost concerns. This study estimates annuity values using two measures: 1) the expected present value of benefits per premium dollar; and 2) t…
