Tax-qualified vehicles helped U.S. private-sector workers accumulate $25Tr in retirement assets. An often …-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD …) regulation, requiring retirees to withdraw a minimum fraction from their retirement accounts or pay excise taxes on withdrawal …

goods, showing how resources are shared between husband and wife, and how this allocation is affected by retirement and …

We solve a retirement lifecycle model in which the consumer's age does not move in lockstep with calendar time. Instead … cross-sectional heterogeneity in retirement spending rates at any given chronological age. In sum, we argue that biological …

Retirement savings adequacy estimates are often based on the assumption that individuals spend the same amount every … year in retirement, and that the withdrawal rate to fund spending is based on spending down a percentage of retirement …