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retirement: How much do I need to save each year for a “successful” retirement? It begins with a brief description of EBRI …'s Retirement Security Projection Model,® followed by the specific methodology utilized in this analysis. Results are provided first … major post-retirement risks (longevity, investment, and long-term care) while allowing the participant to also choose the …
Persistent link: https://www.econbiz.de/10013025192
retirement accounts on retirement income adequacy for Baby Boomers and Gen Xers in the United States. This paper summarizes that …’s modeling shows a substantial improvement in the probability of attaining a financially successful retirement if workers are … 401(k) plan are simulated to have sufficient 401(k) accumulations that, combined with Social Security retirement benefits …
Persistent link: https://www.econbiz.de/10014037705
A simulation approach is used to investigate how various investment strategies affect the ability of retirees to spend at a desired level up until death. Retirees are assumed to maintain all investment and longevity risk, and also have access to a government-sponsored and means tested Age...
Persistent link: https://www.econbiz.de/10013089037
hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the … for the present century, where birth and mortality rates in most western countries are steeply declining. …
Persistent link: https://www.econbiz.de/10012160984
hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the … for the present century, where birth and mortality rates in most western countries are steeply declining. …
Persistent link: https://www.econbiz.de/10012154725
is relevant for the present century, where birth and mortality rates in most western countries are steeply declining. …
Persistent link: https://www.econbiz.de/10011870742
Retirement income security refers to the ability of households to provide an adequate stream of income during the … period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non … that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty …
Persistent link: https://www.econbiz.de/10014337766
, when the death occurs prior to retirement. While in most countries this accumulated capital (called survivor dividend, SD … assumptions (constant or according to Lee-Carter mortality improvements) to calculate the maximum mortality decrease a scheme can …
Persistent link: https://www.econbiz.de/10013004273
Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the … legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test …
Persistent link: https://www.econbiz.de/10011966874
. Therefore, a pension system with a unique retirement age is a priori problematic. The usual policy recommendation to address … this problem is to differentiate the retirement age by SES. This paper explores the relative merits of partial de …
Persistent link: https://www.econbiz.de/10013297349