No. of Recommendations: 4
Interesting WSJ article on all the academic studies saying that retirees should buy an annuity. Unfortunately, most have been bought and paid for buy the insurance industry and probably can't be trusted.

The universities facilitating these studies and the professors writing them say they don't allow sponsors—which typically pay anywhere from $5,000 to $50,000 for research—to do any meddling, and that academic freedom is always maintained. And the companies footing the bill say they're attracting attention to important financial issues.

But some critics dislike the idea of the financial sector tapping academia for market-driven research, whether it's designed to shape the debate over regulatory reform or influence brokers and advisers—and their millions of clients. It's "the equivalent of the cigarette companies promoting smoking as a healthy lifestyle," says Brian Breidenbach, a Louisville, Ky., adviser who manages nearly $400 million and says he receives a steady stream of studies that read like marketing brochures.


Come to think of it, that insurance company that sold you the annuity probably wishes you were a heavy smoker.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.