Tag: retirement income
People’s attachment much weaker, retirement more prevalent, and many jobs lack benefits. We just finished a paper on how older workers use “nontraditional” jobs – that is, jobs without health and retirement benefits. In the process of answering that question, we found that only 26 percent of older workers were employed steadily in traditional jobs…
United Technologies does it, but does any other major company? My colleagues and I are beginning to think seriously about embedding annuities in 401(k) plans. 401(k) plans generally offer lump sums, which means that retirees have to decide how much to withdraw each year. They face the risk of either spending too quickly and outliving…
