Tag: vanguard
Abstract This paper summarizes what is known about leakages from existing studies and relates these results to detailed data on leakages in 2013 provided by Vanguard’s How America Saves. It then uses two data sets – the Survey of Consumer Finances (SCF) and the Survey of Income and Program Participation (SIPP) – to estimate t…
Leakages appear to reduce 401(k)/IRA balances at retirement by about one fifth. This blog is to sing the praises of data put out by Vanguard (How America Saves) in helping to understand what is happening in terms of leakages from 401(k)s plans and Individual Retirement Accounts (IRAs). The only way to end up at retirement…
