7 ‘Irrational’ Reasons People Avoid Annuities: Study

7 'Irrational' Reasons People Avoid Annuities: Study

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.

As the CRR analysis notes, the major longevity increase has […]

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