Mackenzie, George A. (Sandy); Forman, Jonathan Barry - 2021
, does not guarantee that retirement savings will be adequate; in fact, many 401(k) plan participants do not take full … few do. Indeed, there has been a significant decline in annuitization of retirement savings by workers. The shift to 401(k … annuities could provide them with very valuable insurance against living too long. How much a household should save for …