Economics - General

How to invest your retirement savings and does it matter?

Surprisingly (or perhaps not) most Americans have limited liquid financial resources during their retirement years.  From the NBER Bulletin on Aging and Health:

…for many households “discussions of whether to purchase an annuity or draw down wealth in another fashion are largely moot; the amount of retirement support that their savings will provide is very limited. For example, nearly half (43 percent) of households would not be able to make the $25,000 minimum investment typically required to purchase an annuity even if they liquidated all of their financial assets.


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