Want to highlight some important new research by NBER – Risky Insurance by Joesph Briggs, Ciaran Rogers and Christopher Tonetti of Stanford.  https://www.nber.org/system/files/working_papers/w35122/w35122.pdf The Risky Insurance paper provides an important independent confirmation of the argument Thomas Lambert and I made in our March 2026 Journal of Economic Issues article, “‘Safe’ Annuity Retirement Products and Possible … Continue reading  “Guaranteed” Annuity May Be Worth Only 70 to 80 Cents on the Dollar- Problematic for Retirement Plans – New Paper