Excerpt: The percentage of people who elect annuitization over other options in defined contribution plans is generally reported to be less than 1%.... [Partly this is] because most retirees don't understand, or aren't even aware of, annuities. But it is also because there is a lack of good tools and methods for educating them ... We think we've come up with a promising new approach ... that might encourage more people to take advantage of this option when it's appropriate.  MORE >>