Why aren’t retirement savers choosing annuities?

August 23, 2016 by Marlene Y. Satter

Annuities have value beyond that recognized by workers who must depend on 401(k)s, not pensions, to get them through retirement.

But because they don’t recognize that value, workers aren’t turning to annuities as a source of guaranteed lifetime income.

Those are some of the findings in a brief from the Center for Retirement Research at Boston College, which examined the value that annuities offer, and how that value is affected by the risk of medical expenses and workers’ desire to leave a bequest to heirs. Click HERE to read the full story. LifeHealthPro articles require free registration to view. 

Originally Posted at LifeHealthPro on August 22, 2016 by Marlene Y. Satter.