The academic literature is tremendously supportive of the power of longevity pooling (through the purchase of income annuities) to create better retirement outcomes for retirees. For example, Wade ...

If there's one financial concern that millions of Americans share, it's anxiety about running out of money in retirement. Annuities are designed to address this fear by providing a stable stream of ...

A mutual fund pools money from many investors and puts it in securities such as stocks, bonds and other assets. The combined holdings of the mutual fund are known as its portfolio. Investors who buy ...