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Retired or about to call it quits? This podcast is for you. One option is to user your retirement savings and purchase an annuity. There are plenty of insurance companies eager to secure your future with a host of very different products called annuities. Economists think about longevity risk when they hear the word annuity. But many/most "annuities" entail investing in the market with a guarantee independent of your longevity. I.e., they are closer to bonds than traditional single-life annuities.
I can't think of anyone better suited to discuss annuities than Kerry Pechter. Do listen to this terrific podcast and please share it. Kerry Pechter is the author of Annuities for Dummies (Wiley, 2008 and 2023) and two other non-fiction books. In 2009, he founded Retirement Income Journal, an independent online publication providing news coverage and analysis of the global retirement industry for thousands of professionals working in life insurers, 401(k) service providers, asset managers, advisory firms, insurance agencies and marketing organizations, actuarial firms, financial trade associations, law firms, and academia. A recognized authority and thought-leader on annuities, pensions, and other retirement-financing topics, he is regularly interviewed for podcasts and radio shows.
Pechter worked for nine years as an editor in the retirement division at Vanguard and later served as senior editor at Annuity Market News in New York. He has studied retirement systems on-site in Costa Rica, Spain, Israel, Iceland and France. He received National Press Foundation fellowships in 2009 and 2010. His feature articles have appeared in the New York Times, Wall Street Journal, Los Angeles Times and other national publications. For three years, he was a reporter at The Billings Gazette in Billings, Montana. He graduated from Kenyon College.
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