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The private life annuity market in Germany : products and money's worth ratios
Kaschützke, Barbara; Maurer, Raimond - In: Securing lifelong retirement income : global annuity …, (pp. 131-158). 2011
Persistent link: https://www.econbiz.de/10009243230
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How would 401(k) 'Rothification' alter saving, retirement security, and inequality?
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2022
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how ‘Rothification’ – that is, taxing 401(k) contributions rather than payouts – alters saving,...
Persistent link: https://www.econbiz.de/10014088352
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Putting the pension back in 401(k) retirement plans : optimal versus default longevity income annuities
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2018
A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a default payout solution, yet little research has investigated whether more people should convert some of the $15 trillion they hold in employer-based defined contribution plans...
Persistent link: https://www.econbiz.de/10011932365
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Lifecycle Portfolio Choice with Systematic Longevity Risk and Variable Investment-Linked Deferred Annuities
Kartashov, Vasily - 2011
, saving, and portfolio allocation patterns given stochastic and systematic mortality. Insurers have taken two approaches to … manage systematic mortality risks, namely self-insurance and risk transfer to purchasers of the annuity products. We …
Persistent link: https://www.econbiz.de/10013119604
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Lifecycle Portfolio Choice with Systematic Longevity Risk and Variable Investment-Linked Deferred Annuities
Kartashov, Vasily - 2011
, saving, and portfolio allocation patterns given stochastic and systematic mortality. Insurers have taken two approaches to … manage systematic mortality risks, namely self-insurance and risk transfer to purchasers of the annuity products. We …
Persistent link: https://www.econbiz.de/10012461152
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How would 401(k) "Rothification" alter saving, retirement security, and inequality?
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2022
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how 'Rothification' - that is, taxing 401(k) contributions rather than payouts - alters saving,...
Persistent link: https://www.econbiz.de/10013464027
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Fixed and variable longevity annuities in defined contribution plans : optimal retirement portfolios taking social security into account
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023
This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...
Persistent link: https://www.econbiz.de/10013554899
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Putting the pension back in 401(k) retirement plans : optimal versus default deferred longevity income annuities
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - In: Journal of banking & finance 114 (2020), pp. 1-14
Persistent link: https://www.econbiz.de/10012489025
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Optimal Retirement Portfolios with Fixed and Variable Longevity Annuities in Defined Contribution Plans taking Social Security into Account
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023
their assets inside and outside tax-qualified retirement plans, their mortality assumptions, and their accrued Social …
Persistent link: https://www.econbiz.de/10014348756
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Life-Cycle Asset Allocation with Annuity Markets : Is Longevity Insurance a Good Deal?
Horneff, Wolfram J.; Maurer, Raimond; Stamos, Michael Z. - 2009
mortality risk. In addition to stocks and bonds, households also have access to incomplete annuity markets offering a hedge … against mortality risk. We show that a considerable fraction of wealth should be annuitized to skim the return enhancing … mortality credit. The remaining liquid wealth (stocks and bonds) is used to hedge labor income risk during work life, to earn …
Persistent link: https://www.econbiz.de/10014220187