Tag: annuity
The brief’s key findings are: A growing number of people are entering retirement with more 401(k) savings and less annuity income from Social Security and traditional pensions. Annuities assure a lifelong income stream and – compared to other draw-down options – can provide attractive payouts, which can help cover late-life health costs. But few individuals…
Abstract This paper examines the importance of annuity-like income as a share of total money income received by aged families. The analysis considers the aged (62+) population as a whole as well as different parts of the aged families’ income distribution during the period from the early 1980s through 2009. We use survey data from…
