| Description |
1 online resource (viii, 128 p.) |
| Series |
Retirement issues, plans and lifestyles |
|
Retirement issues, plans and lifestyles.
|
| Contents |
FINANCIAL ASSET MANAGEMENT AND WEALTH IN RETIREMENT; RETIREMENT ISSUES, PLANS AND LIFESTYLES; CONTENTS; PREFACE; THE TRAJECTORY OF WEALTH IN RETIREMENT ; ABSTRACT; 1. INTRODUCTION; 2. DATA; 2.1. Methods; 2.2. Characteristics of the Sample; 2.3. The Composition and Level of Comprehensive Wealth in the HRS; 3. A MEASURE OF ANNUALIZED WEALTH FOR RETIREES; 3.1. Definition of Annualized Wealth; 3.2. Annualized Wealth and the Life Cycle Model; 3.3. Annualized Wealth and Joint Life Annuities; 3.4. Discussion of Annualized Wealth; 3.5. Annualized Wealth in the HRS |
|
4. NONPARAMETRIC AGE PROFILES OF COMPREHENSIVE WEALTH IN THE HRS4.1. Methodology; 4.2. Results; 5. REGRESSION-BASED AGE PROFILES OF COMPREHENSIVE WEALTH IN THE HRS; 5.1. Methodology; 5.2. Results; 5.3. The Effect of Capital Gains on the Estimated Age Profiles; 6. PREDICTED AGE PROFILES FOR ANNUALIZED COMPREHENSIVE WEALTH FROM LIFE CYCLE MODEL SIMULATIONS; 6.1. Description of the Models We Consider; 6.2. Comparison of Age Profiles from the HRS and the Model Simulations; 7. CONCLUSION; REFERENCES; APPENDIX 1: PRESENT VALUE CALCULATIONS FOR THE ANNUITY-LIKE COMPONENTS OF COMPREHENSIVE WEALTH |
|
Defined Benefit Pension BenefitsSocial Security Benefits; Annuities and Welfare Benefits; APPENDIX 2: DETAILED DESCRIPTION OF THE LIFE CYCLE MODEL SIMULATIONS REPORTED IN THE PAPER; Simulation Results; Baseline Life Cycle Model; Effect of Uncertain Longevity; Effect of a Bequest Function; Effect of Differential Mortality by Wealth; Effect of Random Medical Expenses; End Notes; CONVERTING RETIREMENT SAVINGS INTO INCOME: ANNUITIES AND PERIODIC WITHDRAWALS ; SUMMARY; INTRODUCTION; THE NATURE OF RISK IN RETIREMENT; Longevity Risk; Inflation Risk; Investment Risk; Unexpected Events |
|
ANNUITIES AS A SOURCE OF RETIREMENT INCOMEThe Current Market for Annuities; Group Annuities; Individual Annuities; Timing of Payments; Rates of Return; Inflation Protection Options; Tax Treatment of Annuities; Taxation of Income from a Fixed Annuity; Taxation of Income from a Variable Annuity; Tax Exclusion for Long-Term Care Insurance; Consumer Protections and the Regulatory Environment; State Regulation of Annuities; Federal Regulation of Annuities; Why Is Demand for Individual Annuities So Low?; Complexity and Lack of Transparency in Annuity Expenses |
|
Lack of Flexibility in Dealing with Unexpected ExpensesRETIREMENT ACCOUNT WITHDRAWAL STRATEGIES; HOW LONG WILL A RETIREMENT ACCOUNT LAST WITH FIXED ANNUAL WITHDRAWALS?; Initial Rate of Withdrawal; Investment Portfolio; Probability of Assets Lasting for at Least a Specific Number of Years; Portfolio of 65% Stocks and 35% Bonds; Portfolio of 35% Stocks and 65% Bonds; Estimates Incorporating Life Expectancy; Estimates of Variable Annual Withdrawals; SUMMARY OF WITHDRAWAL STRATEGIES: BALANCING RISKS; APPENDIX A. WHAT IS ""MONTE CARLO"" ANALYSIS?; APPENDIX B. UNITED STATES LIFE TABLES, 2004 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on print version record and CIP data provided by publisher; resource not viewed |
| Subject |
Cost and standard of living -- United States -- Econometric models
|
|
Retirement income -- United States -- Econometric models
|
|
Retirees -- United States -- Economic conditions
|
|
Wealth -- United States -- Econometric models
|
|
BUSINESS & ECONOMICS -- Personal Finance -- Retirement Planning.
|
|
Cost and standard of living -- Econometric models
|
|
Retirees -- Economic conditions
|
|
Retirement income -- Econometric models
|
|
Wealth -- Econometric models
|
|
United States
|
| Form |
Electronic book
|
| Author |
Waverly, Terrance G.
|
| LC no. |
2021699408 |
| ISBN |
9781613246061 |
|
1613246064 |
|
