Summary
A new study finds retirees who convert savings into annuities—guaranteed monthly income for life—may live longer. Researchers analyzing about 600,000 retirees in Chile found annuity users were roughly 2.5% less likely to die over five years and about 3% less likely over a decade. The findings suggest financial security plays a key role in longevity. Steady income reduces stress tied to market uncertainty and the fear of running out of money. It may also encourage healthier behaviors, such as regular medical care. Overall, predictable retirement income appears to support both mental well-being and longer lifespans.
Money
