Tag: retirement
The brief’s key findings are: Even though retirees are increasingly responsible for deciding how to draw down their assets, few buy annuities. Researchers have offered a host of explanations for the limited take-up, but the puzzle has never been solved. This analysis finds that valuing annuities is hard for people, so they may only buy…
The tax landscape shifts suddenly when most Americans leave the labor force to retire. The single most important thing to remember is that income taxes can fall dramatically, because retirement incomes are typically lower and because all or a portion of your Social Security benefits will be tax-exempt. This was among the tax insights supplied…
