Research Points to a Better Way to Market Annuities
April 11, 2023 by Sudipto Banerjee
For a long time, economists have predicted that retirees will systematically spend down their savings to preserve their spending or lifestyle in retirement. But a body of recent research suggests that commonly held assumptions have oversimplified how most retirees spend their savings.
In fact, when we recently asked retirees about their spending habits, nearly 70% said they manage their money to preserve their assets. Only a small minority said they use their savings to fund their current consumption.
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Originally Posted at ThinkAdvisor on April 10, 2023 by Sudipto Banerjee.
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