The Annuity Puzzle: Other Issues Impacting the Annuity Decision

Faculty Member Wade Pfau Landscape Photo
June 9, 2020

Many economists and financial professionals often express confusion at why clients approaching retirement don’t take advantage of the guaranteed income that annuity products offer. Theories about this “annuity puzzle” abound, and RICP® program director Wade Pfau says the elements factoring into a decision regarding annuities vary from person to person.

Pfau says reasons for avoiding annuities in many cases could include a belief that these products could take away from a potential legacy left for surviving relatives, or a fear of living too long, among others. Read more of his thoughts in his latest Forbes column.

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