Tag: joint-and-survivor life
![Hand holding coins in birds nest.](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_4-1536x1024.jpg)
Abstract The transition from defined benefit (DB) to defined contribution (DC) pension plans has left workers forced to make choices that may decrease their financial resources in retirement: taking lump-sum distributions before retirement that divert funds that could support consumption in retirement, not annuitizing DC benefits, or choosing a single-life annuity over a joint-and-survivor option…