Annuities Could Help the Service Industry: Idea File
May 3, 2021 by Allison Bell
What You Need to Know:
- Michael Finke discussed the
- Those retirees who have enough savings also could use annuities to help into retirement.
- Retirees with enough savings, but no annuities or pension plans, spend much less than they could afford to spend.
Policymakers in Washington might be able to give restaurants, theaters, cruise lines and hotels a post-pandemic boosts by promoting more use of annuities.
Michael Finke, professor of wealth management at the American College of Financial Services, talked about the relationship between annuities and pleasure in a recent interview.