Actuary: Retirees may need annuities to cope with higher spending, lower returns

Retirees who want to spend their savings at a rate higher than 4% a year may need to consider buying an annuity, according to Evan Inglis, a fellow of the Society of Actuaries. He calls for a new look at retirement spending in the light of demographic trends and anticipated low future returns on investments.

PlanAdviser.com (6/29)