Social Security retirement benefits can be claimed at any age between 62 and 70, with delayed claiming resulting in … and Retirement study, we show that individuals who turned 62 after 2000 are indeed more likely to delay than those who …

Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective … their claiming age, they underestimate their annual Social Security income by approximately $1,896 (11.5 percent) on average … annual income by $344 (2.1 percent of the average benefit) …

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

choices that increase after-tax income when exposed to the intervention. We find that our intervention improves both the … effects on after-tax lifetime-income for respondents by up to $1,900 per scenario presented …

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 …

derive the optimal retirement portfolio from a menu that includes payout annuities as well as an investment allocation and a … withdrawal strategy, assuming risk aversion, stochastic capital markets, and uncertain lifetimes. The resulting portfolio … allocation, when fixed as of retirement, is then compared to phased withdrawal strategies such a "self-annuitization" plan or the …

Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … 51 to 61 in 1992, and obtains pension plan descriptions from respondents' employers. Pension accrual profiles, income and … wealth distributions by type, wealth-income ratios and accrued wealth by pension status are also explored …

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 …

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 …