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The Drawdown of Personal Retirement Assets

Poterba, James M. - 2011

How households draw down their balances in personal retirement accounts (PRAs) such as 401(k) plans and IRAs can have an important effect on retirement income security and on federal income tax revenues. This paper examines the withdrawal behavior of retirement-age households in the SIPP and...

Persistent link: https://www.econbiz.de/10013131664

Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement

Poterba, James M. - 2000

Proposals for mandatory private saving accounts differ in the degree of investment discretion that they provide to individual savers, and in their provisions for annuitization of accumulated assets. With respect to investment choices, some argue that individuals must be prevented from investing...

Persistent link: https://www.econbiz.de/10012789302

How Much to Save? Decision Costs and Retirement Plan Participation

Goldin, Jacob; Homonoff, Tatiana Alexandra; Patterson, … - 2022

Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment...

Persistent link: https://www.econbiz.de/10013290384

Financial Literacy, Retirement Planning, and Household Wealth

van Rooij, Maarten - 2011

savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

Persistent link: https://www.econbiz.de/10013121050

Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands

Alessie, Rob - 2011

We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...

Persistent link: https://www.econbiz.de/10013124236

Navigating Complex Financial Decisions at Retirement : Evidence from Annuity Choices in Public Sector Pensions

Clark, Robert L. - 2018

Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income security. We analyze the factors determining annuity option choices offered by a public sector defined pension plan with no default annuity option. Using combined administrative...

Persistent link: https://www.econbiz.de/10012909863

Imperfect Knowledge, Retirement and Saving

Gustman, Alan L.; Steinmeier, Thomas L. - 2021

security are the least well informed about their social security benefits, while those who are most dependent on pensions are …

Persistent link: https://www.econbiz.de/10013222897

Uncertain Lifetimes, Pensions, and Individual Saving

Hubbard, R. Glenn - 2021

Attempts to measure the impacts of pensions on household saving have occupied much of the literature in empirical … public finance over the past decade. The emphasis here is on the annuity insurance aspects of social security and pensions. A … subsequent generations is diminished. The final sections of the paper extend the approach to private pensions and address …

Persistent link: https://www.econbiz.de/10013237595

Economic Preparation for Retirement

Hurd, Michael D. - 2011

We define and estimate measures of economic preparation for retirement based on a complete inventory of economic resources while taking into account the risk of living to advanced old age and the risk of high out-of-pocket spending for health care services. We ask whether, in a sample of 66-69...

Persistent link: https://www.econbiz.de/10013122644

Financial Literacy and Retirement Planning in Germany

Bucher-Koenen, Tabea - 2011

We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have little financial...

Persistent link: https://www.econbiz.de/10013123985