Tag: annuitized income
Abstract This paper examines the importance of annuity-like income as a share of total money income received by aged families. The analysis considers the aged (62+) population as a whole as well as different parts of the aged families’ income distribution during the period from the early 1980s through 2009. We use survey data from…
February 2011 The Fact Sheet’s key findings are: The NRRI assumes that households buy an annuity at retirement. The NRRI (the percent of households ‘at risk’ in retirement) increases from 51 percent to 53 percent if households withdraw 4 percent per year; or 60 percent if households live off their interest. Not annuitizing hurts high-incom…
