Issue Briefs
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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…
Medicare receives too little attention. While the Trustees’ Report on Social Security makes headlines, commentary on Medicare is relegated to the back pages. Yet Medicare is a huge and growing program, operating in an expensive environment. In 11 years, the country is slated to pay more for Medicare than Social Security…
