How to Frame Annuities More Attractively
New research points to ways of increasing annuities' appeal.
The Annuity Puzzle
Since at least 1965 and the seminal research of Menachem Yaari, economists have recognized that retirees should convert far more of their assets into an income annuity at retirement than they do
Benartzi, Thaler and Previtero Attack the ‘Annuity Puzzle’
Financial industry professionals have long grappled with the so-called 'annuity puzzle'–-the quandary as to why savers who would seem to rationally benefit from annuitizing a portion of their savings do not avail themselves of the opportunity.
The Retirement Rule of Thumb
When in doubt, resort to the rule of thumb.