Retirement Income
A new study that examines the differences in household spending between retirees who have annuitized their income versus those who haven’t finds some considerable differences. In “ Guaranteed Income: A License to Spend ,” David Blanchett and Michael Finke, in their capacities as fellows for the Alliance for Lifetime Income’s Retirement Income Institute, reveal that retirees with assets that annuitize income spend twice as much as retirees with an equal amount of non-annuitized savings, suggesting that they may be reluctant to spend down their savings.
Using data from the Health and Retirement Study (HRS), [1] Blanchett and Finke examine […]
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