Description: When people retire, purchasing the annuity insurances using their retirement fund is one way against the longevity risk. However, it has some shortcoming- the annual payment may be insufficient for daily life consumption and can’t be adjusted for any urgent need [liquidity risk]. This is the abstract of a paper that investigates the adequate annuitization timing and optimal asset allocation under different investment strategies that can be found according to a time-series of safety level as a utility function for a retiree.

Description: The is the abstract for a paper that discusses retirement planning information and the signals it provides. It focuses on the issue of communicating lump sum versus income benefits. It discusses challenges in communicating income benefits and provides some alternatives.

Description: The abstract for a paper talks about the risks of defined benefit and defined contribution plans.