Tag: retirement
The general public is very cool on annuities. But many economists like the idea of retirees using some portion of their savings to buy them. Annuities, with their fixed monthly payments, may be the best way to ensure retirees’ savings last just as long as they do. Otherwise, they may either spend it too fast…
A 1983 reform to Social Security is now in full swing for baby boomers: they must wait at least until their 66th birthday to claim their full pension benefits. But is the gradual increase in the program’s so-called full retirement age – it was 65 for prior generations – having any effect on when boomers…
