Future retirees more vulnerable to income shocks
Increased use of annuities and reverse mortgages could improve outcomes.
The two major shocks that hit the elderly today are a spike in medical expenses and a sharp drop in income upon becoming a widow. While some of today's retirees are financially fragile, most appear able to absorb shocks without incurring hardship, according to a new issue brief from the Center for R
Learn more about reprints and licensing for this article.