More From Fidelity: Reasons Why Retirees Avoid Guaranteed Income Options

More From Fidelity: Reasons Why Retirees Avoid Guaranteed Income Options,

We’ve written in the past about the reasons why HECM borrowers stay away from guaranteed lifetime payment options (like annuities or the HECM tenure option form of payment) despite strong research showing these are the optimal financial payment plans for most people.

Now, a new report from the Fidelity Research Institute sheds more light on the topic. As part of the recently released study Structuring Income for Retirement: addressing America’s Emerging Guaranteed Income Gap, a survey of retirees and pre-retirees was conducted to help identify barriers to selecting annuities. (more…)

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Written by News & Feeds on September 14th, 2007 with comments disabled.
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