Tag: retirement wealth
Why are average 401(k) balances at age 60 only $100,000 rather than $360,000? We recently completed a new study that explains a discrepancy that has bothered me for years – namely, the difference between what people could have in their 401(k) plan and the amount that they actually hold. More specifically, a 25-year-old median earner…
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…
