Tag: retirement income
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…
Is there really a free lunch? Repeated copies of a proposal called RISE – Retirement Income Security for Everyone – have arrived in my email, accompanied by endorsements from some serious people. After the third or fourth missile, I felt compelled to take a closer look. The proposal supposedly would eliminate poverty and income inequality…
