Tag: annuity
The brief’s key findings are: Even though retirees are increasingly responsible for deciding how to draw down their assets, few buy annuities. Researchers have offered a host of explanations for the limited take-up, but the puzzle has never been solved. This analysis finds that valuing annuities is hard for people, so they may only buy…
A recent blog post reported that David Laibson, a talented behavioral economist at Harvard University, cited annuities as a way to help minimize poor financial decisions associated with dementia, a type of “dementia insurance.” This notion is right on. The retirement income landscape has changed. Increasingly, individuals’ well-being in retirement will depend on how muc…
