Tag: retirement income
A reporter recently asked me what retirement will look like in 50 years. At first, I froze. What insightful comments could I make about retirement communities on Mars? But once I took a breath, the notion of looking back 50 years and then the 50 years before that provided a framework to consider how things…
Abstract Unlike defined benefit pensions that provide participants with steady benefits for as long as they live, 401(k) plans and Individual Retirement Accounts (IRAs) provide little guidance on how to turn accumulated assets into income. As a result, retirees have to decide how much to withdraw each year and face the risk of either spending…
