annuities and your nest egg reforms to promote optimal.pdf

Institut C.D. HOWE Institute commentary NO. 358 Annuities and Your Nest Egg: Reforms to Promote Optimal Annuitization of Retirement Capital Retiring babyboomers are driving a shift from retirement fund accumulation to decumulation, a phase in which they must balance present financial needs against longevity risk.To enhance their options, policy reforms should level the playing field for annuity products and promote market-driven variety of choice, thus ensuring retirees have at least some funds available to them for the long haul. Norma L. Nielson The Institute’s Commitment to Quality About The C.D. Howe Institute publications undergo rigorous external review Author by academics and independent experts drawn from the public and private sectors. Norma L. Nielson, PHD, CLU is Chairholder The Institute’s peer review process ensures the quality, integrity and in Insurance and Risk objectivity of its policy research. The Institute will not publish any Management, Haskayne study that, in its view, fails to meet the standards of the review process. School of Business, The Institute requires that its authors publicly disclose any actual or University of Calgary. potential conflicts of interest of which they are aware. In its mission to educate and foster debate on essential public policy issues, the C.D. Howe Institute provides nonpartisan policy advice