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How much should Americans save prior to retirement? Given Social Security's shaky financial condition, this is a … critical question for baby boomers. A financial planning program-ESPlanner-is applied to data from the Health and Retirement … Survey (HRS) to consider the amount that households approaching retirement should save. …
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This paper analyzes questions related to defined contribution (DC) plans. For what types of households are statutory contribution limits likely to bind? How large is the lifetime tax benefit from participating in a DC plan and how does it vary with lifetime income? The authors find that...
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