Converting Retirement Savings into Income: Annuities and Periodic Withdrawals

Description:

To a worker contemplating retirement, there is perhaps no more important question than "How long will my money last?" Congress has a strong interest in the income security of older Americans because much of their income is either provided directly from public programs like Social Security, or in the case of pensions and retirement accounts, is subsidized through tax deductions and deferrals. This report discusses risks involved with retirement fund disbursement and strategies for dealing with such risks.

Creator(s):
Location(s): United States
Creation Date: December 1, 2008
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
Usage:
Total Uses: 26
Past 30 days: 6
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Creator (Author):
Mulvey, Janemarie

Specialist in Aging Policy

Creator (Author):
Purcell, Patrick

Specialist in Income Security

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: December 1, 2008
Coverage:
Place
United States
Description:

To a worker contemplating retirement, there is perhaps no more important question than "How long will my money last?" Congress has a strong interest in the income security of older Americans because much of their income is either provided directly from public programs like Social Security, or in the case of pensions and retirement accounts, is subsidized through tax deductions and deferrals. This report discusses risks involved with retirement fund disbursement and strategies for dealing with such risks.

Physical Description:

39 pages.

Language(s):
Subject(s):
Contributor(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
  • CRS: CRS_Retirement_Income | Check for Other Editions
  • LOCAL-CONT-NO: CRS_Retirement_Income_2008Dec01
  • ARK: ark:/67531/metadc83870
Resource Type: Report
Format: Text