Investments + Annuities = Healthy Retirement
Wade D. Pfau
Some Americans have saved so much for retirement that they don’t need an annuity, while many others have saved so little that they can't afford to tie up any of their money in an annuity. In between, however, are millions of retirees who could probably "maximize their utility" by holding a mix of investments and annuities.
Pechter, Kerry, "Investments + Annuities = Healthy Retirement" (2015). In the News. 390.