Tag: annuities
Recent experiment suggests they’re interested, and more information would increase participation. Although annuities would ensure retirees higher levels of lifetime income, reduce their likelihood of outliving their resources, and alleviate some of the anxiety associated with post-retirement investing, the market for annuity products is miniscule. Explanations for the low demand include the high cost…
Basically “yes,” but some exceptions exist. The conventional wisdom is that all state and local government workers receive a lifetime annuity from their employer pension plan. Is that true? My colleagues JP Aubry and Kevin Wandrei recently collected data on payout options under state and local retirement plans to answer the question more definitively. They…
