Annuities make it easier for retirees to spend, research finds
August 30, 2021 by Kate Dore
With fewer employer pensions these days, some retirees are hesitant to draw down their nest eggs. However, older Americans may spend more freely with a guaranteed source of income, such as Social Security or a private annuity.
That’s according to a research paper that examines spending in retirement. The report compared retirees with a life-long income stream to those living off an investment portfolio.