Knowledge at Wharton highlights Olivia Mitchell's study making a case for deferred income annuities with some equity exposure in defined contribution plans.
Citations:
"Why Retirement Gets Better With Annuities." Knowledge at Wharton, S Parameshwaran, January 9, 2024.
O Mitchell. et al. 2023. “Fixed and Variable Longevity Annuities in Defined Contribution Plans: Optimal Retirement Portfolios Taking Social Security into Account,” Wharton Pension Research Council.