Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income … find that these groups of retirees report very different levels of well-being in retirement …

derive the optimal retirement portfolio from a menu that includes payout annuities as well as an investment allocation and a … allocation, when fixed as of retirement, is then compared to phased withdrawal strategies such a %u201Cself-annuitization%u201D …

This paper examines the tilt and risk-return characteristics of real retirement incomes provided by variable annuities …

This paper explores how an environment of persistent low returns influences saving, investing, and retirement behaviors … the (system-defined) Full Retirement Age of 66. In the context of a zero return environment, we show that workers will … optimally devote more of their savings to non-retirement accounts and less to 401(k) accounts, since the relative appeal of …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth …

longitudinal examination of pension retirement incentives in several dozen plans observed between about 1960 to 1980. The plans … under study instituted many changes over this period, several of which enhanced the financial payoff to early retirement …. These alterations included increases in benefit levels, reductions in early, normal and mandatory retirement ages, and cuts …

the United Kingdom retirement annuity market, a market in which individuals are required to annuitize tax …-preferred retirement savings but are allowed considerable choice over the annuity contract they purchase. After calibrating a lifecycle …

individual accounts' retirement saving system. First, we investigate the operation of both real and nominal annuity individual …