Tag: retirement income

Half full glass of water on a table

Workers should plan to work longer and save more. The release of the Federal Reserve’s 2016 Survey of Consumer Finances (SCF) is a great opportunity to reassess Americans’ retirement preparedness as mea­sured by the National Retirement Risk Index (NRRI).  The NRRI shows the share of working-age house­holds who are “at risk” of being unable to…

Joyful mature pensioners sitting at chessboard

Employers, academics, and policymakers all recognize that drawdown is the major challenge facing the 401(k) system. Participants face the risk of spending their money too quickly and exhausting their assets or hoarding their balances and depriving themselves of necessities. My view is that reluctance to spend is the greater threat for three reasons.  First, peo…