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Antolín, Pablo - Directorate for Financial, Fiscal and Enterprises … - 2008

annuities. The paper addresses questions concerning the type of retirement payout options for accumulated assets in DC plans a … country should allow, which entities should provide annuities, and the type of annuity products that could be allowed. The … main recommendation is for policy makers to consider mandating deferred life annuities that start paying at very old ages …

Persistent link: https://www.econbiz.de/10004962916

Ageing and the Payout Phase of Pensions, Annuities and Financial Markets

Antolín, Pablo - Directorate for Financial, Fiscal and Enterprises … - 2008

annuities can play in financing retirement, and examines the role of financial markets in facilitating the allocation on assets …

Persistent link: https://www.econbiz.de/10005011983

Transition to Old Age (Superannuation) in a 3-D, Age Based, Dynamic, Serially Connected and Annually Recalculated Retirement Distribution Model

Frank Sr, Larry R. - 2012

apply to younger age retirees.A structural problem with pensions, annuities, and first generation "safe withdrawal rate" is …

Persistent link: https://www.econbiz.de/10013107097

Decision Neuroscience and Aging

Samanez-Larkin, Gregory R. - 2015

Until recently we have known little about how core decision processes change with age and how aging may impact the structure and function of corresponding ventromedial frontostriatal neural systems (Samanez-Larkin & Knutson, 2014). The chapter begins by briefly orienting the reader to...

Persistent link: https://www.econbiz.de/10013015918

Putting the pension back in 401(k) retirement plans : optimal versus default longevity income annuities

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2018

A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a …

Persistent link: https://www.econbiz.de/10011932365

Optimal Initiation of a GLWB in a Variable Annuity : No Arbitrage Approach

Milevsky, Moshe A. - 2013

This paper offers a financial economic perspective on the optimal time (and age) at which the owner of a Variable Annuity (VA) policy with a Guaranteed Living Withdrawal Benefit (GLWB) rider should initiate guaranteed lifetime income payments. We abstract from utility, bequest and consumption...

Persistent link: https://www.econbiz.de/10013086117

Optimal retirement asset decumulation strategies : the impact of housing wealth

Sun, Wei (contributor); Triest, Robert K. (contributor); … - 2007

We estimate the relationship between the returns on housing, stocks, and bonds, and simulate a variety of decumulation strategies incorporating reverse mortgages. We show that homeowner’s reversionary interest, the amount that can be borrowed through a reverse mortgage, is a surprisingly risky...

Persistent link: https://www.econbiz.de/10003713607

How persistent low expected returns alter optimal life cycle saving, investment, and retirement behavior

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2017

This Chapter explores how an environment of persistent low returns influences saving, investing, and retirement behaviors, as compared to what in the past had been thought of as more "normal" financial conditions. Our calibrated lifecycle dynamic model with realistic tax, minimum distribution,...

Persistent link: https://www.econbiz.de/10011755248

Fixed and Variable Longevity Annuities in Defined Contribution Plans : Optimal Retirement Portfolios Taking Social Security into Account

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023

This paper investigates retirees’ optimal purchases of fixed and variable longevity income annuities using their … annuities in DC accounts is welfare enhancing for all sex/education groups examined. We also show that providing access to well …-designed variable deferred annuities with some equity exposure further enhances retiree wellbeing, compared to having access only to …

Persistent link: https://www.econbiz.de/10014255003

Fixed and variable longevity annuities in defined contribution plans : optimal retirement portfolios taking social security into account

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023

This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their … annuities in DC accounts is welfare enhancing for all sex/education groups examined. We also show that providing access to well …-designed variable deferred annuities with some equity exposure further enhances retiree wellbeing, compared to having access only to …

Persistent link: https://www.econbiz.de/10013554899