Given the choice between a smaller immediate payout or a larger future payout, people generally prefer rewards sooner rather than later, a tendency called temporal discounting. |
Retirement Plan Design
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A retirement plan’s default investment portfolio is optimal for some employees. But for others, the default has some drawbacks.
A retirement plan’s default investment portfolio is optimal for some employees. But for others, the default has some drawbacks.
Many retirement plan participants lack the financial knowledge needed to manage their portfolios on their own, underscoring the importance of advice.
To preserve retirement wealth, IRAs and employer-sponsored defined contribution plans typically impose a penalty on early withdrawals. How might individuals respond if the penalty were lifted?
Many defined contribution plans pay benefits as a lump sum, putting retirees’ lifetime income security at risk. Longevity income annuities address this concern.
Many defined contribution plans pay benefits as a lump sum, putting retirees’ lifetime income security at risk. Longevity income annuities address this concern.
To preserve retirement wealth, IRAs and employer-sponsored defined contribution plans typically impose a penalty on early withdrawals. How might individuals respond if the penalty were lifted?
Today’s retirees are living longer than ever before, creating the need for policy changes to help retirees stretch their savings accordingly.