Tag: annuities
![Colorful arrows](https://crr.bc.edu/wp-content/uploads/2021/02/big-picture-art-cropped.jpg)
The prospect of retiring opens a Pandora’s box of questions. But one big question dominates all the others: How will I manage my finances when I retire? This is a vexing problem, and baby boomers could use some help thinking it through. To ease the process, a team at UCLA and Cornell University led by…
![Working together on their budget](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_5-1536x988.jpg)
The brief’s key findings are: In a 401(k) world, retirees face the tough job of having to figure out how to draw down their nest egg once they retire. They have shunned the standard options: an immediate annuity, which pays a fixed amount for life, or an advanced life deferred annuity, which begins payments at…