This was a nice article covering why SPIAs aren't as appealing in the real world as academics model.
Reasons Retirees Avoid Annuities
"There are a lots of reasons that people will give you why they're not interested. So, I've talked about this before; it's sort of death by 1,000 cuts because while in the framework that I articulated, annuities are so great, once you start looking at several aspects of the real world, they lose their attractiveness."
Reasons Retirees Avoid Annuities
"There are a lots of reasons that people will give you why they're not interested. So, I've talked about this before; it's sort of death by 1,000 cuts because while in the framework that I articulated, annuities are so great, once you start looking at several aspects of the real world, they lose their attractiveness."