Tag: retirement income
The brief’s key findings are: In a 401(k) world, retirees have to decide how to draw down their nest egg. Annuities are one solution, but few people buy them due partly to cost concerns. This study estimates annuity values using two measures: 1) the expected present value of benefits per premium dollar; and 2) t…
Abstract Annuities could benefit retirees, but these products can also be costly. Yet, despite significant changes in factors that can affect annuity pricing and value, the money’s worth of individual annuities in the United States has not been addressed in the research literature in 25 years. This paper revisits this topic to: 1) identify underlying…
