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A Proposal to Increase Annuitization of 401(k) Wealth Using Automatic Features
The Brookings Institution Link to more items from this source
[Opinion]
July 17, 2014
9 slides of a presentation by Bill Gale to the American Academy of Actuaries. Excerpt: "[Bill Gale,] with David C. John, J. Mark Iwry, and Lina Walker, proposed and explained a policy to automatically default 401(k) holders into a partial and temporary annuity.... [In his presentation describing the proposal, Gale] referenced various barriers to market expansion, such as consumer biases and lack of experience converting large cash balances to annual flows. He called for a reframing of retirement income choices and emphasized the need to provide people with information on and experience with periodic retirement payments before asking them to make a long-term commitment."

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