Tag: decumulation
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…
The brief’s key findings are: As an alternative to annuities, retirees could use a portion of their 401(k) assets to delay claiming Social Security, effectively buying more lifetime income. To gauge interest in this unfamiliar option, an experiment tested ways to present the bridge, including through an insurance frame or as a default. The results…
