7 ‘Irrational’ Reasons People Avoid Annuities: Study
November 21, 2023 by John Manganaro
The Center for Retirement Research at Boston College’s new special report about longevity starts with a simple fact: Over the past century, life expectancy has increased significantly around the world.
In the United States, on average, a man alive at 65 is now expected to live an additional 17.5 years, while a woman is expected to live 21 more years. Beyond the gender averages, the research shows, life expectancy varies significantly by economic status, health state and marital status — meaning that some groups have enjoyed even more impressive longevity growth.
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Wink’s Moore on the Market:
New research on annuities!
Time to get your annuity nerd on…
I am so down with #5 and #7 is TRUTH.
My biggest takeaway on this one?
“…this state of affairs would lead a traditional economist to presume that guaranteed income annuities would represent a key part of the typical Americans’ approach to saving and spending in retirement. The products seem to solve for the exact problem that many older Americans are worried about the most.”
Nope. -sjm
