financial shocks. One consequence of this financial vulnerability is that many individuals use a portion of their retirement … before retirement (Argento, Bryant, and Sabelhaus 2015). We explore the practical considerations and challenges associated … with helping households accumulate liquid savings that can be deployed when urgent pre-retirement needs arise …

This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We … call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement … approaches, a target retirement fund gradually purchases deferred life annuities beginning at age 50. In the particular straw …

The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary … beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent …

We propose using penalized withdrawals from retirement savings accounts, identified from U.S. tax records, as a …

From age 62 through the full retirement age, the earnings test reduces the share of married men who work full time by … least initially. If the earnings test were abolished between the early and full retirement ages, the share of married men … model of retirement and wealth. The model is then used to simulate the effects of abolishing the remainder of the Social …

Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …

In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …

much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and …

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 …