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Defaulting 401(k) assets into payout annuities for "pretty good" lifetime incomes

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2026

Persistent link: https://www.econbiz.de/10015654830

Defaulting 401(k) assets into payout annuities for "pretty good" lifetime incomes

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2026

Some US defined contribution plans offer retirees access to an annuity or lifetime income stream as payout options from their 401(k) accounts. Nevertheless, for behavioral reasons, some retirees may hesitate to elect lifetime income streams as a drawdown vehicle. To counter this, plan sponsors...

Persistent link: https://www.econbiz.de/10015651068

Trust, financial literacy, and financial behaviors : shaping retirement

Rosen, Maya Haran; Lusardi, Annamaria; Mitchell, Olivia S. - 2026

Persistent link: https://www.econbiz.de/10016074484

Evaluating the effects of a low-cost, online financial education program

Clark, Robert L.; Lin, Chuanhao; Lusardi, Annamaria; … - 2025

Persistent link: https://www.econbiz.de/10015465719

Money-back guarantees in individual retirement accounts : are they good policy?

Horneff, Vanya; Liebler, Daniel; Maurer, Raimond; … - 2025

Persistent link: https://www.econbiz.de/10015449506

Influencing the choice of pension distribution at retirement

Clark, Robert L.; Mitchell, Olivia S. - 2024

Persistent link: https://www.econbiz.de/10014465315

Suboptimal household investment and information-processing frictions : evidence from 529 college savings plans

Li, James J.; Mitchell, Olivia S.; Zhu, Christina - 2024

We use the 529 college savings plan setting to investigate whether and why households make suboptimal choices to invest in local assets. We estimate that 67% of open accounts between 2010 and 2020 were located suboptimally due to the plans' tax inefficiencies and high expenses. Over the...

Persistent link: https://www.econbiz.de/10015412110

Does being financially resilient lead to better economic outcomes?

Clark, Robert L.; Lusardi, Annamaria; Mitchell, Olivia S. - 2024

Some Americans prepare for unanticipated adverse economic events, plan for the future, and keep their debt at manageable levels, but others do not. Using four waves of the Understanding America Study during the pandemic period, we compare middle-aged and older Black, Hispanic, and White...

Persistent link: https://www.econbiz.de/10015607703

Ambiguity attitudes for real-world sources : field evidence from a large sample of investors

Kanin Anantanasuwong; Kouwenberg, Roy; Mitchell, Olivia S. - 2024

Persistent link: https://www.econbiz.de/10015045826

Real-world shocks and retirement system resiliency

2024

Growing awareness of real-world shocks including market downturns, health surprises, and labor market readjustment is calling into question the ability of global retirement systems to remain healthy and sustain future retirees.

Persistent link: https://www.econbiz.de/10015199149