Tag: annuities
You probably won’t get your money back, but the guarantee of money for life is really valuable. As Americans retire with 401(k) balances as their only supplement to Social Security, the question is how they should draw down their accumulated assets. Lots of rules of thumb are available – some better than others. But t…
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…
