Retirees with high net worth should buy annuities tied to the rate of inflation to avoid a lower standard of living in later years, a study by Boston College's Center for Retirement Research concludes. The study found that 60% of the high-net-worth individuals it studied were "at risk" of living at a lower standard if they relied only on the interest from their retirement assets, compared with 51% at risk of a lower living standard who had bought annuities.

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