New CRR fact sheet: “The NRRI and Annuities”

The Center for Retirement Research at Boston College has released a new Fact Sheet:

"The NRRI and Annuities"

The Fact Sheet's
key findings are:

• The NRRI assumes that households buy an annuity at retirement.
  
• The NRRI (the percent of households 'at risk' in retirement) increases from 51 percent to
  
  • 53 percent if households withdraw 4 percent per year; or
    
  • 60 percent if households live off their interest.
    
• Not annuitizing hurts high-income households the most, because they rely more on their nest eggs in retirement.
  
• While few buy annuities today, annuities could improve retirement security for future retirees.
  

The Fact Sheet is available here.