This paper examines the association between annuitized income and various measures of financial well-being. In this paper, we use Health and Retirement Study (HRS) data before and during the COVID-19 pandemic. This allows us to gauge the relationship and observe the effect overtime, particularly during the pandemic. Four separate logistic models are used to evaluate the relationship between measures of both objective and subjective financial wellbeing and annuitized income, as well other control variables, during the COVID pandemic. We find statistically significant negative relationships for both our measures of subjective financial wellbeing and receiving annuitized income. While we find only one of our measures of objective wellbeing, having liquid assets greater the median household income, has a statistically significant positive relationship with receiving annuitized income.The implications of this research are multifaceted, understanding these associations can help planners increase the financial wellbeing of their client’s retirement, and add to the larger body of literature that could help influence macro-level policy changes for retirees. 

Accepted Oral Presentation