The world’s most reviled financial product may save your retirement — Quartz

Most people hate annuities. Hardly anyone buys them (pdf) and they’ve become synonymous with bad financial advice. But economists—who are also people—love annuities and can’t understand why others don’t. The number crunchers have even dubbed this vexing fact “the annuity puzzle,” and expend a lot of energy speaking at conferences and writing journal papers about…

via The world’s most reviled financial product may save your retirement — Quartz

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