Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Estimating Leakage From Retirement Savings Accounts
Download Estimating Leakage From Retirement Savings Accounts full books in PDF, epub, and Kindle. Read online Estimating Leakage From Retirement Savings Accounts ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Estimating Leakage from Retirement Savings Accounts by : United States. Congress. Joint Committee on Taxation
Download or read book Estimating Leakage from Retirement Savings Accounts written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2021 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis 401(k) Plans by : Barbara D. Bovbjerg
Download or read book 401(k) Plans written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2010 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under federal regulations, 401(k) participants may tap into their accrued retirement savings before retirement under certain circumstances, including hardship. This "leakage" from 401(k) accounts can result in a permanent loss of retirement savings. This report analyzes: (1) the incidence, amount, and relative significance of the different forms of 401(k) leakage; (2) how plans inform participants about hardship withdrawal provisions, loan provisions, and options at job separation, including the short- and long-term costs of each; and (3) how various policies may affect the incidence of leakage. To address these matters, the report analyzed federal and 401(k) industry data and interviewed federal officials, pension experts, and plan administrators. Illus.
Book Synopsis Reducing Retirement Savings Leakage by : Stephen Blakely
Download or read book Reducing Retirement Savings Leakage written by Stephen Blakely and published by . This book was released on 2016 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes discussion on new ways to reduce retirement plan “leakage,” presented at the Employee Benefit Research Institute's 78th policy forum in Washington, DC, on May 12, 2016. A recurring issue with defined contribution (DC) savings plans such as the 401(k) is the risk of “leakage” -- pre-retirement reductions in plan savings by workers, either through loans, hardship withdrawals, or payouts at job change. There have been widely varying estimates of how big of a problem leakage actually is, and what the potential reactions may be by both retirement plan sponsors and participants if new pre-retirement access restrictions were imposed. For instance, for many workers the option of being able to take a loan from their 401(k) account is seen as a major incentive for them to participate. A 2014 analysis by EBRI found that approximately two-thirds of the impact of diminished retirement savings due to leakage was associated with the cashouts that sometimes occur at job change. Others have pointed out that 401(k) loans, which sometimes are criticized as a significant source of retirement savings leakage, actually account for the smallest amount of pre-retirement savings loss. To highlight new work on leakage, the Employee Benefit Research Institute (EBRI) devoted part of its 78th policy forum to the topic of “Retirement Challenges and Reforms,” focusing in particular on “Reducing Leakage and Incubating Savings.” The May 12 event in Washington, DC, brought together about a hundred benefits-related experts to discuss a variety of retirement and health topics. The leakage-focused session involved the presentation of a simulation model by the Retirement Clearinghouse (RCH) concerning outcomes of “Auto Portability,” or automated and presumptive plan-to-IRA and plan-to-plan transfers of retirement savings as workers change jobs. Based on research and actual experience with employers, RCH has developed a fairly simple engagement model with both incoming and departing employees -- aimed in particular at those with small 401(k) balances ($5,000 or less, which collectively amount to about $8.8 billion a year) -- that would apply both a pro-rollover/transfer presumption and a near-automatic process that, together, is projected to reduce retirement plan leakage by 50 percent. It was noted that “Auto Portability” has an opt-out mechanism so that individuals can opt out if they need the money.
Book Synopsis Generous to a Fault? The Effect of Generosity of Employers' Retirement Plan Contributions on Leakage from Cashing Out at Job Separation by : Yanwen Wang
Download or read book Generous to a Fault? The Effect of Generosity of Employers' Retirement Plan Contributions on Leakage from Cashing Out at Job Separation written by Yanwen Wang and published by . This book was released on 2020 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US government imposes a 10% tax penalty to discourage pre-retirement leakage -- cash withdrawal from 401(k) retirement savings. We investigate the impact of employer matching contributions on leakage at job termination. In our unique data set with 597,980 employees covered by 29 retirement plans, 38% of employees leaked by cashing out 401(k) savings at job termination. Increasing the generosity of the employer/employee match rate increases retirement balances, reducing leakage. It also increases the proportion of one's balance contributed by the employer, increasing leakage. We interpret the latter effect as showing that employees are more likely to frame their retirement accounts as a rainy-day fund rather than a lock box of untouchable retirement savings when their employer contributed a greater proportion of the balance. We estimate that a 50% increase in employer/employee match rate would increase leakage probability by 14.5% at job termination. However, there could be an 11.2% reduction in leakage probability if employees ignore the extra incentive generated by the framing effect. Approximately 20% of accumulated assets from a 50% increase in match rate would leak out of the system due to framing bias attributable to the percent of assets contributed by employer.
Book Synopsis Social Security Policy in a Changing Environment by : Jeffrey R. Brown
Download or read book Social Security Policy in a Changing Environment written by Jeffrey R. Brown and published by University of Chicago Press. This book was released on 2009-12-15 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.
Book Synopsis The Second Fifty: Answers to the 7 Big Questions of Midlife and Beyond by : Debra Whitman
Download or read book The Second Fifty: Answers to the 7 Big Questions of Midlife and Beyond written by Debra Whitman and published by W. W. Norton & Company. This book was released on 2024-09-10 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expert guidance for living a longer, healthier, more meaningful second half of life. As she approached her fiftieth birthday, Debra Whitman, a globally recognized expert on aging, wanted to delve deeper into why so many Americans struggled to live well as they aged. And she began to wonder what was in store for her own second fifty. Suddenly, the questions she’d been studying for years became personal: How long will I live? Will I be healthy? Will I lose my memory? How long will I work? Will I have enough money? Where will I live? How will I die? Americans are now living decades longer than previous generations. These added years offer exciting possibilities but also raise crucial questions. In her groundbreaking book, Whitman provides a roadmap for navigating, and celebrating, the second half of life. Drawing on compelling stories from her own family and people across the country, interviews with experts, and cutting-edge research, she shares insights on brain health, the contributions and concerns of an older workforce, caregiving, financing retirement, and more. Her findings are often surprising: Americans over fifty are a boon to—not a drain on—the economy. Dementia rates have actually been declining as more people achieve higher levels of education and adopt healthier lifestyles. And while we’ve long known that staying connected to others is critical to mental health, it turns out it is also linked to a stronger immune system, lower blood pressure, and a longer life. Whitman presents practical steps we can take to help create a better second fifty for ourselves. But we can’t do it alone. Whitman also calls for urgently needed changes that would make it easier for every American to enjoy a vital and meaningful second half of life. Whether you are approaching fifty, into your later years, or caring for someone who is, you’ll find a wealth of wisdom in these pages. Informed by Whitman’s unmatched expertise and her deep passion, The Second Fifty is an indispensable guide for living well in the twenty-first century.
Book Synopsis Insights in the Economics of Aging by : David A. Wise
Download or read book Insights in the Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2017-03-20 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fraction of the population over age sixty-five in many developed countries is projected to rise, in some cases sharply, in coming decades. This has drawn growing interest to research on the health and economic circumstances of individuals as they age. Many individuals are retiring from paid work, yet they are living longer than ever. Their well-being is shaped by their past decisions such as their saving behavior, as well as by current and future economic conditions, health status, medical innovations, and a rapidly evolving landscape of policy incentives and supports. The contributions to Insights in the Economics of Aging uncover how financial, physical, and emotional well-being are integrally related. The authors consider the interactions between financial circumstances in later life, such as household savings and home ownership, physical circumstances such as health and disability, and emotional well-being, including happiness and mental health.
Author :United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions Publisher : ISBN 13 : Total Pages :76 pages Book Rating :4.:/5 (319 download)
Book Synopsis Pension Savings by : United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions
Download or read book Pension Savings written by United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions and published by . This book was released on 2014 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Aging Policy and Politics in the Trump Era by : Edward Alan Miller
Download or read book Aging Policy and Politics in the Trump Era written by Edward Alan Miller and published by Routledge. This book was released on 2020-05-21 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The surprise election of Donald J. Trump to the presidency of the United States marks a singular turning point in the American republic – not only because of his idiosyncratic approach to the office, but also because the Republican Party now holds the presidency and both houses of Congress, presenting a historic opportunity for change. The role of older Americans has been critical in both shaping and reacting to this political moment. Their political orientations and behaviors have shaped it through their electoral support for Republican candidates. But, older Americans stand as highly invested stakeholders in the policy decisions made by the very officials they elected and as beneficiaries of the programs that Republicans have targeted for cuts or elimination. This comprehensive volume explores the ways in which Trump administration policies are likely to significantly undermine the social safety net for near-elderly and older Americans, including long-term care, housing, health care, and retirement. The authors also explore how the Trump administration might shape politics and political behavior through the policy changes made. The response of older voters, in upcoming elections, to efforts by the Trump administration and its Republican allies in Congress to draw back on the federal government’s commitment to programs and policies affecting them will shape the direction of aging policy and politics for years to come. This book was originally published as a special issue of the Journal of Aging & Social Policy.
Book Synopsis Investor Behavior by : H. Kent Baker
Download or read book Investor Behavior written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2014-02-10 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.
Book Synopsis Saving Smartly for Retirement by : United States. Congress. Senate. Special Committee on Aging
Download or read book Saving Smartly for Retirement written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 2009 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Greenhouse Gas Protocol written by and published by World Business Pub.. This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.
Book Synopsis The Cambridge Handbook of Investor Protection by : Arthur B. Laby
Download or read book The Cambridge Handbook of Investor Protection written by Arthur B. Laby and published by Cambridge University Press. This book was released on 2022-10-27 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: The topic of investor protection has occupied investors, businesses, regulators, academics, and courts since the 1930s. The topic exploded in importance after the 2008 financial crisis and the Bernard Madoff Ponzi scheme of the same year. Investor protection scholarship now seeks to respond to developments such as the institutionalization of the markets, the democratization of finance, and the enhanced role of market professionals and other gatekeepers. Additionally, although the philosophy of full disclosure remains the guiding principle behind the securities laws, recent research has questioned the merits of a disclosure-based regime. In light of these trends, regulators try to strike the right balance between imposing a strict investor protection regime, on the one hand, and giving businesses the freedom to innovate new projects, market new services, and reduce costs, on the other. The Cambridge Handbook of Investor Protection brings together leading scholars to inform this debate and fill a gap left by these developments.
Book Synopsis Themes in the Economics of Aging by : David A. Wise
Download or read book Themes in the Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2007-11-01 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past few years, the economic ramifications of aging have garnered close attention from a group of NBER researchers led by David A. Wise. In this volume, Wise and his collaborators continue to analyze a nexus of age-related issues. This volume begins by looking at the implications of private and public personal retirement plans, focusing in particular on the impact of 401(k) programs on retirement strategies in light of potential social security reform and factors such as annuitization and on asset accumulation. Next, the often-observed relationship between health and wealth is dissected from two different perspectives and correlated with striking increases in health-care spending over the past two decades, despite the improved health of older populations. The volume concludes with an investigation of the retirement effects of various social security provisions in both U.S. and German systems. This carefully developed collection expands the current investigative focus and broadens the dialogue on a rapidly growing area of social and economic concern.
Book Synopsis Successful Defined Contribution Investment Design by : Stacy L. Schaus
Download or read book Successful Defined Contribution Investment Design written by Stacy L. Schaus and published by John Wiley & Sons. This book was released on 2017-02-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Start-to-finish guidance toward building and implementing a robust DC plan Successful Defined Contribution Investment Design offers a comprehensive guidebook for fiduciaries tasked with structuring and implementing a 401(k) or other defined contribution (DC) pension plan. More than a collection of the usual piecemeal information, this book seeks to offer a complete, contemporary framework for plan design, together with tested methodologies and analytic techniques to help streamline plan monitoring, management and improve participant outcomes. Examples from plan sponsors provide on-the-ground insight while suggestions from DC consultants add expert perspective. Views from ERISA expert counsel provide additional understanding—along with input from academic thought leaders. Finally, investment evaluation and analysis is joined with participant savings and asset allocation data to look prospectively at potential outcomes, and case studies illustrate real-world implementation of objective-aligned asset allocation such as custom target-date strategies. Though the focus is primarily on U.S. plan design, author perspectives from countries including Australia, the United Kingdom and Canada provide relevant and helpful viewpoints for both new and experienced plan fiduciaries. For the vast majority of workers, DC plans have replaced traditional defined benefit pension plans as the primary source of employer-provided retirement income. This book provides comprehensive guidance to help you construct a plan to help workers to retire with confidence. Adopt a framework for DC evaluation and structure Learn new methodologies for investment choice evaluation Use the innovative PIMCO Retirement Income Cost Estimate—or PRICE—to help quantify the amount of money a worker needs to create and stay on track to building a real income stream in retirement Examine methodologies used at major companies in the U.S. and globally DC plans are the most rapidly growing retirement market in the world, yet sources of consolidated structural and analytical guidance are lacking. Successful Defined Contribution Investment Design fills the gap with a comprehensive handbook that covers the bases to help you develop an objective-aligned defined contribution plan.
Download or read book Working Paper Series written by and published by . This book was released on 1999 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Evolving Pension System by : William G. Gale
Download or read book The Evolving Pension System written by William G. Gale and published by Rowman & Littlefield. This book was released on 2006-01-10 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Evolving Pension System examines the foundations and the future of the private pension system. It provides a broad overview of the underlying assumptions, characteristics, and effects of existing pension policy, as well as alternative views on how public policy toward pensions should evolve in the future. Contributors include Robert Clark (North Carolina State University), Eric Engen (Federal Reserve Board), William G. Gale (Brookings Institution), Theodore Groom (Groom Law Group, Chartered), Daniel Halperin (Harvard), Alicia Munnell (Boston College), Leslie Papke (Michigan State University), Joseph Quinn (Boston College), Sylvester Schieber (Watson Wyatt), John B. Shoven (Stanford), and Jack Vanderhei (Temple University and EBRI). William G. Gale is the Joseph A. Pechman Fellow in the Economic Studies program at the Brookings Institution. John B. Shoven is Charles R. Schwab Professor at Stanford University. Mark J. Warshawsky is director of research at the TIAA-CREF Institute.
