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 looks at strategies to help deal with the following risks: longevity, investment, inflation,…
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Date:
December 1, 2008
Creator:
Mulvey, Janemarie & Purcell, Patrick
Partner:
UNT Libraries Government Documents Department