Tag: financing retirement
Abstract This paper documents and examines the rise in mortgage usage among older Americans over the past 30 years. It uses data from a variety of sources including the Health and Retirement Study, Decennial Census, American Community Survey, Survey of Consumer Finances, and the American Housing Survey. We begin by documenting the large increase in…
The brief’s key findings are: Employers with 401(k)s are required to administer their plans for the “sole benefit” of workers, a standard that has been the subject of substantial litigation. Recent lawsuits have focused on excessive fees, although inappropriate investment options and self-dealing are other common reasons for suits. Court rulings in these cases often…
