What drives individuals to avoid annuities, even when they offer protection against outliving their savings? Hallstein, Liebler, and Maurer highlight the role of loss aversion, showing how fear of “losing” an investment can increase demand for costly guarantees and reduce lifetime income. Their findings underscore the importance of clearer communication and better product design to help individuals and advisers make more informed retirement decisions.…Read More
What steps can solo-agers take to protect their independence as housing and financial needs evolve? Anna Rappaport highlights the critical role of proactive housing decisions, financial planning, and support network development in later life. Her insights suggest what thoughtful preparation and practical actions individuals and advisers can take to help solo-agers age with confidence and stability.…Read More
What drives financial well-being across different measures and life outcomes? Through their research, Professors Coats and Bajtelsmit find that income, financial confidence, financial literacy, and patience play a central role in shaping how people save, plan, and build wealth. Their findings suggest that financial advisers and educators can improve outcomes by implementing several practical points.…Read More
