This paper documents trends over the last two decades in retirement behavior and retirement income choices by …, the average retirement age rose by approximately 1.3 years for female and 2 years for male participants. There is … retirement. Later retirement and lags between retirement and the first retirement income payout led to a growing fraction of …

How households draw down the balances that they accumulate in retirement saving accounts such as 401(k) plans and … Individual Retirement Accounts can have an important effect on the contribution of these accounts to retirement income security …

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 finds a modest rate of withdrawals prior to the age of 701⁄2, the age at …

This paper presents evidence on the resources available to households as they enter retirement. It draws heavily on … data collected by the Health and Retirement Study and calculates the "potential additional annuity income" that households … could purchase, given their holdings of non-annuitized financial assets at the start of retirement. Even if households used …

This paper explores the relationship between education and the evolution of wealth after retirement. Asset growth … following retirement depends in part on health capital and financial capital accumulated prior to retirement, which in turn are … strongly related to educational attainment. These "initial conditions" for retirement can have a lingering effect on subsequent …