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Morningstar Report Suggests Jiu-Jitsu Tactic for Buying Annuities: Game Them Right Back by Waiting
RIABizLink to more items from this source
Oct. 30, 2015
"The 'when' is at least as important as the 'what' in purchasing the controversial retirement products ... [One] model, which incorporates the ability to make changes during retirement, reduces the optimal annuity amount by half on average.... [T]he costs associated with delaying the purchase of an annuity until it's needed are relatively small, provided retirees start to incorporate annuities by the 10th year of retirement."

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