Life annuities are products sold by insurance companies to protect retirees against the risk of outliving their money. A life annuity is a once-in-a-lifetime purchase with lifelong consequences. Requiring retirees to buy life annuities with their individual accounts has advantages and...

Analysts argue that former military bases can be successfully redeveloped and that local economies can recover. Community leaders, however, remain unconvinced and continue to resist base closures. This article considers whether the argument for the economic feasibility of base reuse can be made...