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Mature man is hired to handle outreach to senior adults

The brief’s key findings are: Even though retirees are increasingly responsible for deciding how to draw down their assets, few buy annuities. Researchers have offered a host of explanations for the limited take-up, but the puzzle has never been solved. This analysis finds that valuing annuities is hard for people, so they may only buy…

leaky pipe

It’s fairly easy to withdraw money prematurely from 401(k)s and IRAs – a practice that depletes roughly one-fourth of account balances over a worker’s lifetime. U.S. workers on average withdraw 1.5 percent annually from their retirement account assets.  When they do, they forgo years of investment gains they could have earned had they left their…