Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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A Framing Explanation of the Under-Annuitization Puzzle
National Bureau of Economic Research [NBER] Jan. 29, 2008
Excerpt: We posit that consumers evaluate annuity products using a narrow 'investment frame' that focuses on risk and return, rather than a 'consumption frame' that considers the consequences for lifelong consumption. Under an investment frame, annuities are quite unattractive, exhibiting high risk without high returns. Survey evidence supports this hypothesis[.]
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