Tag: annuities
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…
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…
