Tag: lifelong income
The brief’s key findings are: Annuities offer one way for retirees to turn savings into lifelong income, but these products are expensive. A less expensive alternative advocated by some finance experts is a “tontine,” a product that does not currently exist in the marketplace. A tontine would offer investors regular payments that start out smaller…
Introduction If individuals continue to withdraw completely from the labor force in their early 60s, a large and growing number will be hard pressed to maintain an adequate standard of living throughout retirement. Economic and demographic pressures are gradually eroding key sources of retirement income at the same time that increases in life expectancy mean…
