Retirement Research: How Do Households Adjust Their Earnings, Saving, and Consumption After Children Leave?
Whether parents adjust their consumption after their children leave home has important implications for our understanding of retirement income adequacy.
Retirement Research: How Might Investing in Private Equity Funds Affect Retirement Savings Accounts?
The Urban Institute examined the potential impact on retirement savings of allowing 401(k)-plan participants to invest in private equity and found that average retirement savings would increase when 401(k) plans include PE investments because PE funds earn higher returns, on average, than public stocks and PE provides diversification opportunities.
What's the Value of Social Security and Medicare Lifetime Benefits?
For a single male earning average wages every year and retiring in 2020 at age 65, lifetime Social Security and Medicare benefits would equal about $570,000 and, for a couple with average and low wages, about $1,113,000.
Retirement Research: Financial Literacy and Financial Decision-Making at Older Ages
Financial literacy is associated with a greater propensity to timely pay off credit card balances, to hold stock, and to follow an age-appropriate investment glide path.
Retirement Implications of a Low Wage Growth, Low Real Interest Rate Economy
Low returns raise the optimal Social Security claiming age and the marginal benefit of working longer, while low wage growth decreases the marginal benefit of working longer.
Are Older People Aware of Their Cognitive Decline?
Study: Older people who are unaware of their cognitive decline are likely to suffer wealth losses.
Retirement Research: Debriefing the Military's Retirement Shift
In shifting from a pension system to a 401(k) system, approximately 40% of military members did not respond to market incentives to maximize their employer-sponsored retirement benefits to reach a social optimum point.
Social Security Reform: How to Keep it Solvent and Equitable
There is a broad consensus amongst most parties that Social Security, as it currently exists needs to be reformed in some manner to make it solvent in the long-term.
Retirement Research: The Role of IRAs in US Households’ Saving for Retirement, 2019
Most traditional IRA–owning households have a planned retirement strategy, and most traditional IRA–owning households with withdrawals calculated the withdrawal using the required minimum distribution (RMD) rule, the most common amount withdrawn, according to the ICI.
Older Women Report Facing a Financially Uncertain Future
The GAO reports that women retirees are concerned about rising health care costs and how a lack of personal finance education had a negative effect on their retirement security.
Retirement Research: Is There a Retirement Crisis?
Is there a retirement crisis? Studies of retirement preparedness vary in complexity and sophistication, and as a result, researchers offer a wide range of forecasts, with some warning of a severe crisis and others being more skeptical about the likely scale of the problem.
Retirement Research: Fast Facts & Figures About Social Security, 2020
Did you know that 69.1 million people received benefits from programs administered by the Social Security Administration in 2019 and 5.7 million people were newly awarded Social Security benefits in 2019.
The Effect of Fee Disclosures on 401(K) Investment Allocations
Researchers show that salient fee and performance information can mitigate participants' inertia in retirement plans.
Rich Retirees Don't Have to Worry About Running Out of Money
Retirees in the top quintile of financial wealth are spending nowhere near an amount that would place them in danger of running out of money.
Age-related Cognitive Decline has a Negative Impact on a Retiree’s Ability to Manage an Investment Portfolio in Later Life
Retirement researchers say there is evidence that age-related cognitive decline has a negative impact on a retiree’s ability to manage an investment portfolio in later life.
How Will Your Spending Patterns Change in Retirement?
Housing is the largest spending category for every age group, and in all survey years studied except 2017, the median share of households’ budgets allocated to housing expenses was smaller for older households.
Retirement Research: SeLFIES: A New Pension Bond and Currency for Retirement
Researchers propose an easy, quick and efficient solution for countries to improve retirement security by creating and issuing an innovative new bond – SeLFIES (Standard-of-Living indexed, Forward-starting, Income-only Securities).
Retirement Research: How Exposed Are Retirement Savings to Market Risk?
For most households, 401(k)/IRA assets are their largest financial asset – other than Social Security – which puts them at risk from market downturns.
Retirement Research: Are U.S. Homes Ready for an Aging Population?
Of the 28.5 million households with an older adult, more than one-quarter (28%) reported difficulty using some aspect of the home, according to the U.S. Census Bureau.
Retirement Research: A Dozen Facts About Medicare Advantage in 2020
Stay abreast of the latest retirement-related research that affects your life and your money.
Why Do Late Boomers Have So Little Retirement Wealth?
It's a mystery why late boomers, those ages 51-56, have so little retirement wealth.
Millennials Likely Won't Fare Better Economically Than Their Parents
Economic mobility for millennials in the U.S. is limited.