of retirement wealth can serve as a reliable supplement to existing pension products. …

interest in mechanisms that can protect people against retirement account volatility. This paper explores the consequences for … savers’ wellbeing of implementing market-based retirement account guarantees, using a life cycle consumption and portfolio … choice model where investors have access to stocks, bonds, and tax-qualified retirement accounts. We evaluate the case of …

Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal … investment decisions to fund managers selected by plan sponsors. Including these funds in retirement saving menus raised equity …-cost target date funds may enhance retirement wealth by as much as 50 percent over a 30-year horizon. …

to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … for retirement preparedness. Notwithstanding this, we find that even quite impatient households in the population we study …

We find that health cost risk lowers optimal annuity demand at retirement. If medical expenses can be sizeable early in … retirement, full annuitisation at retirement is no longer optimal because agents do not have enough time to build a liquid wealth … additional annuitisation after retirement results in welfare gains of at most 2.5% when facing health cost risk, and negligible …

In this paper, the effect of using retirement income from a variety of sources on initial income rate and the … to 2% over the course of the retirement period, the results indicate that including an inflation linked annuity provides …