An Economist Walks Into A Brothel
It’s not every day that a retirement economist writes a book that takes over the sales charts. Allison Schrager’s new book, An Economist Walks Into a Brothel, is well on its way.
Hiding behind the cheeky title is a serious exploration of what risk looks like in everyday and outré situations. As she sees it, big wave surfers, magicians and Nevada brothels all have something to teach us about hedging risk. Schrager also has a distinct point of view on the subject of annuities; she proposes income annuities as the benchmark for structuring a secure retirement portfolio. (Check out Chapter 3.) An Economist Walks Into A Brothel makes for a savvy, entertaining read. If it’s not on your nightstand, it should be.
ALEX.fyi has no business affiliation or other relationship with Allison Schrager.
ALEX.fyi Fast Fact
68% of workers expect that paid work will provide them income in retirement.
Just 26% of retirees actually receive income from work.
EBRI 2018 Retirement Confidence Survey
Ken Fisher, self-proclaimed hater of annuities, is at it again.
The big surprise? Turns out there is one type of annuity that does not incite his wrath…
Researchers from the Stanford Center on Longevity investigate what the financial service industry is doing to prepare its clients for the long run.
“This is not a product development story, but rather building a mindset and having a different conversation with clients.”