Tag: 401k
The brief’s key findings are: Today’s workers must save on their own for a secure retirement, so researchers have examined existing options for encouraging them. Tax incentives: recent research suggests that increasing the generosity of tax incentives for 401(k)s and IRAs would not significantly increase saving. 401(k) design: auto-enrollment has boosted participation, but, to date,…
Abstract Using Health and Retirement Study (HRS) data and Latent Class Analysis for three cohorts (those born in 1931-1936, 1937-1941, and 1942-1947), this paper explores: 1) who claims Social Security benefits at age 62; 2) what percentage of households claiming at 62 are unprepared for retirement; and 3) whether the unprepared early claimers were pushed…
