annuities Archives

How Annuities Can Enhance Retirement

In a research paper (Jan. 2023), co-authors Vanya Horneff and Raimond Maurer from Goethe University at Frankfurt, and Olivia S. Mitchell from Wharton underscore the value of integrating deferred income annuities into retirement plans. Their study suggests that waiting until age 70 for Social Security benefits, alongside the SECURE 2.0 Act’s emphasis on annuities, can significantly enhance retirement welfare. This highlights a valuable strategy for retirees to optimize their benefits and improve financial security. …Read More

Unlocking retirement potential: 401(k) plans have improved retirement prospects yet many still expose retirement savers to longevity risk. Wharton Professor Olivia S. Mitchell recommends bolstering #DC plans with deferred annuities. Via PIOnline.…Read More

SECURE 2.0 provisions benefit both plan sponsors and plan participants, per Melissa Kahn, Head of Retirement Public Policy at State Street Global Advisors and Olivia Mitchell, Wharton Professor, via SSGA.com.…Read More

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

401(k) plans leading the way toward retirement security, but room for growth, experts say

Policy’s Impact on Annuities: What the QLAC Provisions in SECURE 2.0 Mean for Plans

Pessimism about Survival Can Help Explain Why So Many Don’t Buy Annuities

Pension Pooling and the Randomness of Age

Who Benefits Most From Annuity Purchases?

What Does Longevity Awareness Do To Retirement Planning?

Responding to Bad News About a Critical Retirement Decision

IPRA Pensions and Retirement Webinars