Do Financial Professionals Recommend Annuities?

Karolos Arapakis and Gal Wettstein

Issues in Brief from Center for Retirement Research

Abstract: While annuities offer retirees guaranteed lifetime income, few people have them. A new survey asked financial professionals about the value of annuities for their clients. The results suggest that financial professionals are concerned that many of their clients could deplete their savings too quickly. But the majority of them do not recommend annuities to their clients and, when they do, many clients do not take the advice. These findings point to both the promise and limitations of reliance on financial professionals to guide clients to greater use of annuities.

Pages: 5 pages
Date: 2023-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://crr.bc.edu/do-financial-professionals-recommend-annuities/ R
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:crr:issbrf:ib2023-26

Access Statistics for this paper

More papers in Issues in Brief from Center for Retirement Research Contact information at EDIRC.
Bibliographic data for series maintained by Amy Grzybowski () and Christopher F Baum ().