Tag: annuitized income
My colleagues and I are beginning to think seriously about embedding annuities in 401(k) plans. 401(k) plans generally offer lump sums, which means that retirees have to decide how much to withdraw each year. They face the risk of either spending too quickly and outliving their resources or spending too conservatively and consuming too little.&nbs…
My previous post on the idea of allowing workers to buy cheap inflation-indexed annuities through Social Security with some of their 401(k) holdings raised a question: would men and women get the same monthly benefit for their premium as under private sector defined benefit plans or different amounts as occurs today when 401(k) participants tak…
