LIMRA Ponders the Annuity Puzzle

April 19, 2018 by Kerry Pechter

At the LIMRA-SoA Retirement Conference in Chicago last week, actuary Doug French of Ernst & Young revealed the secret sadness of the affluent retired professional who doesn’t have sleep-easy annuity income or longevity insurance to bolster his or her Social Security and pension.

“They spend all their time looking for pockets of income to spend,” he said. If they can’t find gains to harvest, they’re miserable. They’ve joined the ranks of the worried wealthy. “That results in a not-so-fun retirement,” French told a not-so-numerous general session audience at LIMRA’s signature retirement event.

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Originally Posted at Retirement Income Journal on April 19, 2018 by Kerry Pechter.