Archive: Robert L. Siliciano

elderly man inserting credit card to ATM

The brief’s key findings are: Studies show that retirees have tended to draw down their financial wealth very slowly. But these retirees generally had defined benefit (DB) pension plans, which pay benefits for life. Hence, this slow drawdown pattern may not hold for new retirees, who rely on 401(k)s. Indeed, the analysis finds that households…

Mature woman working in a factory / warehouse

Introduction In recent decades, older workers have generally been working longer, which boosts prospects for a secure retirement. However, continued progress could run into headwinds in the coming years. On the supply side, some individuals may be reaching the physical limits of longer worklives. And even if workers can work longer, they must find employers…