Tag: lifetime income
As U.S. financial firms push toward embedding life annuities in 401(k) plans, it is useful to assess the risks, as well as the gains, associated with making annuitization the default distribution option. While default strategies have proven highly effective during the accumulation phase, approaches that work well for retirement saving may have unintended adverse consequences…
The Trump administration wants more annuities in your 401(k). Here is why it might be a mixed bag. When economists say that they have a puzzle, they don’t mean the kind with 1,000 pieces. Instead, economists are puzzled by things that don’t line up with their theories of how the world should work. One prominent…
