withdrawal rule seems attractive, as it offers relatively low expected shortfall risk, good expected payouts for the retiree …

Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income … characteristics as well as risk preferences, time preferences, and financial literacy. The evidence is consistent with predictions … find that these groups of retirees report very different levels of well-being in retirement …

Retirement income security refers to the ability of households to provide an adequate stream of income during the … period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non … that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty …

Retirement benefit guarantees can ensure a minimum standard of living in retirement. I propose a framework to discuss … have negative external effects on public finances, whenever their retirement consumption drops below a minimum level …

This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying … the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the …

needs of older Americans. In the past twenty five years, however, there has been a dramatic change in private retirement … saving. Personal retirement accounts have replaced defined benefit pension plans as the primary means of retirement saving …. It is important to understand how this change will affect the wealth of future retirees. The personal retirement account …

experience and to plan parameters. This paper simulates the distribution of retirement wealth, as well as the average level of …, and retirement plan characteristics using data from the Health and Retirement Study (HRS). To simulate wealth in DC plans … private and public defined benefit plans. The simulations yield distributions of both DC and DB wealth at retirement as well …

Employer matching of employee 401(k) contributions can provide a powerful incentive to save for retirement and is a key …-plan data from the Health and Retirement Study, this analysis formulates a life-cycle-consistent econometric specification of … raise retirement saving …

Retirement savings decisions should depend on expectations of Social Security retirement income. Persons may be … empirical findings. It also illustrates how data on expectations may help predict how Social Security policy affects retirement …

A program of Personal Retirement Accounts (PRAs) funded by deposits equal to 2.3 percent of earnings (up to the Social … Security maximum) would permit retirees to receive more income in retirement than with the current Social Security program … retirement income and stabilize the Social Security payroll tax, but would also substantially increase national saving and GDP …