Tag: annuity income
The brief’s key findings are: The National Retirement Risk Index shows that changes in interest rates have only a modest effect on retirement preparedness for three reasons: Most households have relatively little financial wealth to annuitize. The effect on annuity income is muted, because the principal portion of the annuity payout is unaffected by interest…
The brief’s key findings are: Households now retiring need to transform their 401(k) and IRA savings into retirement income. One way is to delay claiming Social Security to increase their monthly benefit, using savings to pay current expenses while they wait. In effect, they are buying an annuity from Social Security: The savings used is the “price” and the increas…
