Tag: retirement savings
The brief’s key findings are: Americans need to save more on their own for retirement, but human nature suggests they will focus more on day-to-day financial needs. Analysis of a recent survey confirms that a household’s level of financial satisfaction is tied more to short-term – rather than long-term – concerns. Even households that ar…
The brief’s key findings are: As 401(k)s and IRAs have become the dominant source of retirement saving, the potential for pre-retirement withdrawals – “leakages” – has grown. Leakages occur via three channels: 1) in-service withdrawals for hardships or after age 59½; 2) cashouts when individuals leave a job; and 3) loans. Estimates indicate that about…
