nor has the sense that the groom, with one best man, was outcompeted by the bride with her host of bridesmaids. The fashionable clothes are much the same, even to the mother
An obvious alternative way to generate retirement cash flows is to buy a lifetime annuity. However, in practice most retirees are not willing to do this, for a variety of reasons (MacDonald et al., 2013). In the current environment of low real interest rates, annuities provide rather low...