This paper explores IRA withdrawal behavior of older Americans using a nationally representative sample. The data for this paper come from the University of Michigan's Health and Retirement Study (HRS), which is sponsored by the National Institute on Aging. The HRS, the most comprehensive...

A worker's disposition of his or her defined contribution (DC) retirement account balances at the point of separation from a previous employer is one of the most important decisions a DC plan participant faces. Although this decision has important implications for the retirement security of...

This paper considers the impact that plan design might have on annuitization rates across different plans. The key finding of this study is that differences in DB plan rules or features result in very different annuitization rates in DB plans. In fact, the results show that the rate of...