Are SeLFIES a solution to the retirement crisis? - AMAC & MarketWatch
Is there a retirement-saving product that offers the best of Social Security, a defined benefit plan, and an annuity? According to Robert Merton and Arun Muralidhar, the answer is yes. They are the creators of SeLFIES— Standard-of-Living indexed, Forward-starting, Income-only Securities, an idea whose origins are more than four decades old. On paper, the concept checks the right boxes– a defined amount of income in retirement that’s adjusted to a standard-of-living index; contribute as much or as little as you want toward your retirement nest egg; liquidity; and transparency.
Robert Powell of MarketWatch interviews Muralidhar in this interesting piece where he addresses these questions: What are SeLFIES? What are the origins? What is the status of SeLFIES today? What does the future hold in store for SeLFIES? What do experts think of SeLFIES? Full article here.