The Psychology Behind Advisors’ Annuity Recommendations

Why do many advisors lean toward or avoid annuities, and what can make them rethink? New research highlighted in the NBER Reporter by Wharton Professor Olivia S. Mitchell and co-author Abigail Hurwitz reveals the behavioral and financial forces driving financial advisors’ annuity recommendations, and how client health and other characteristics influence their retirement advice. Via ThinkAdvisor.

 

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