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From Saving to Spending
Report

From Saving to Spending

A Proposal to Convert Retirement Account Balances into Automatic and Flexible Income


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Editorial Rating

8

Qualities

  • Overview
  • For Experts
  • Hot Topic

Recommendation

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.

Take-Aways

  • Regular retirement income needs to last a lifetime.
  • New financial products and combinations, such as “managed payout funds,” are becoming available.
  • An “automatic retirement income option” can help people make better decisions about their pensions.

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.


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