Archive: Uncategorized
As U.S. financial firms push toward embedding life annuities in 401(k) plans, it is useful to assess the risks, as well as the gains, associated with making annuitization the default distribution option. While default strategies have proven highly effective during the accumulation phase, approaches that work well for retirement saving may have unintended adverse consequences…
Market optimism may be masking deep retirement risks. Planning for retirement has always been hard, but when government policy is unpredictable, it makes it even more challenging. For example, changes to Social Security and Medicare can put basic security at risk; changes to the tax system can scramble a household’s finances; and ballooning government debt…
