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Elderly households hold most of their wealth in housing, maintain high levels of wealth throughout retirement, and often leave bequests. The value of their houses are subject to large shocks. To what extent do these shocks affect their savings, consumption, and bequests? Answering this question...
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This paper updates earlier EBRI research on estimated savings needed to cover health insurance to supplement Medicare … and out-of-pocket expenses for health care services in retirement. It finds that men retiring at age 65 in 2009 will need … anywhere from $68,000 to $173,000 in savings to cover health insurance premiums and out-of-pocket expenses in retirement if …
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predictors of health events. The volume begins with a discussion of the risks and merits of 401(k) plans. Subsequent chapters … present recent analysis of the growth of Medicare costs; the different aspects of disability; and the evolution of health …
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This paper constructs a rich model of saving for retired single people. Our framework allows for bequest motives and … the risk of living long and requiring expensive medical care is a more important driver of old age saving than the desire …
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