License to Spend

Retirees with assets that annuitize income spend twice as much as those with non-annuitized savings.

In their newly released study, Guaranteed Income: A License to Spend, RII Fellows David Blanchett and Michael Finke explore how annuitized income helps retirees achieve their lifestyle goals by providing financial stability and alleviating the fear of outliving their savings. Using data from the Health and Retirement Study and a survey of over 2,000 adults, they uncover how converting savings into guaranteed income significantly boosts retirees’ spending power and confidence.

Discover how this groundbreaking research can transform your retirement strategy and ensure you enjoy the lifestyle you’ve worked hard to achieve. Read the full report to learn more about the benefits of annuitized income and practical steps to secure your financial future.

Research Paper  |  Press Release

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