People believing they will live longer are more likely to buy annuities, so educating near-retirees about chances of surviving to older ages could help motivate annuitization, report researchers Karolos Arapakis and Gal Wettstein of the Center for Retirement Research at Boston College. …Read More
Should chronological or biological (risk-adjusted) age drive retirement claiming? Longevity research suggests the latter, per Prof. Moshe A. Milevsky of York University, via RetireSecure blog. …Read More
Including deferred income annuities in DC accounts can enhance retiree financial well-being, report researchers Vanya Horneff and Raimond Maurer of the Goethe University Frankfurt, and Olivia Mitchell of the University of Pennsylvania. Via ThinkAdvisor. …Read More
Understanding life expectancy and longevity risk improves retirement related decision making including how people save, invest, and decumulate assets to avoid running out of money in old age find Profs. Abigail Hurwitz and Orly Sade of The Hebrew University of Jerusalem, and Olivia S. Mitchell of Wharton via RetireSecure blog. …Read More
Anna Rappaport on the RetireSecure Blog discusses whether to take your defined contribution benefit as a lump sum or annuity: consider both near and longer-term needs.…Read More
The International Pension Research Association (IPRA) offers monthly webinars on pensions and retirement. The first on “Procrastination, Retirement Savings, and Annuities,” by Dean Jeffrey Brown of the Gies College of Business, University of Illinois at Urbana-Champaign, is here. For information about upcoming IPRA webinars, visit https://iprassn.org/…Read More
Money-back guarantees on retirement accounts may reduce risk of losing money but at much higher cost, report Vanya Horneff, Daniel Liebler, Raimond Maurer, and Olivia S. Mitchell in their study cited by ThinkAdvisor.…Read More
Many defined benefit pensions and investment companies are seeking sustainable investment options, while defined contribution plans lag behind, says Catherine Reilly.…Read More
Though favored by academics and policymakers, annuities are less popular than other retirement plan options. Yet the recent SECURE Act may change that, according to Matt Carey.…Read More
Few buy annuities, yet using just 10% of your retirement savings to buy deferred lifetime income benefits can be a great benefit, explains Olivia S. Mitchell to Elaine Silvestrini at Annuity.org.…Read More
