Are Managed-Payout Funds Better Than Annuities?
July 28, 2015
Managed-payout funds promise to meet retirees’ need for sustainable lifetime income without relying on annuities. To see whether this promise can be fulfilled, I’ll answer three questions: What’s the best design for such funds? How do they compare to annuities? Can retirees do even better by combining managed-payout funds and annuities?
A managed-payout fund aims to provide sustainable...