Archive: Financing Retirement
Late Boomers have low levels of wealth regardless of how it is defined – total wealth, retirement wealth, or 401(k)/IRA wealth. A decline in some wealth components had been expected as a result of the rise in Social Security’s Full Retirement Age, the shift from defined benefit (DB) to defined contribution (DC) plans, and a…
The National Retirement Risk Index (NRRI) measures the share of working-age households that is “at-risk” of being unable to maintain their pre-retirement standard of living in retirement. The exercise involves comparing households’ projected replacement rates – retirement income as a percentage of pre-retirement income – with target rates that would allow them to maintain their…
