The benefits of international diversification have been recognized for decades. In spite of this, most investors hold … domestic equity market to be several hundred basis points higher than returns in other markets. This lack of diversification …

The benefits of international diversification have been recognized for decades. In spite of this, most investors hold … domestic equity market to be several hundred basis points higher than returns in other markets. This lack of diversification …

This paper presents new evidence on the costs of purchasing private annuity contracts to spread a given stock of assets … are purchased through a large group retirement saving program, some of the administrative costs are lower than those in …