lifelong income. As the world of defined contribution retirement savings has grown, and with the potential vast expansion of … private retirement savings through automatic IRAs, the majority of savers now nearing retirement and in the generations to … traditional means for managing the risk of outliving savings in retirement. But annuities as an investment or distribution option …

directly translate in additional retirement savings. We show that the annuity stream generated by conventional and … motive. Also self-employed retirement savings are low, even though this group has generally no occupational pension … motives, such as saving for retirement, and saving behavior. Survey data show that many respondents save for retirement in …

The German pension reforms in 2001 and 2004 increased the importance of private supplemental savings for retirement … retirement savings. Germans seem to have a good grasp of basic financial concepts. However, individuals with low education face …. Calculating the appropriate retirement income needed and choosing the right product postulates some degree of financial knowledge …