Everyone knows about saving for retirement, but not many people know how to spend and manage their money so that it lasts a lifetime. David John, William Gale, J. Mark Iwry and Aaron Krupkin of the Brookings Institution take a comprehensive look at traditional income options, as well as new “managed payout funds,” to show the challenges pensioners face in deciding how to use their money when they retire. This informative report, though intended for investment and pension experts, should also interest anyone contemplating a future retirement.
About the Authors
David John, William Gale and J. Mark Iwry are senior fellows at the Brookings Institution, where Aaron Krupkin is a senior research analyst.