Converting Retirement Savings into Income : Annuities and Periodic Withdrawals.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Inflation (Finance).

Investments.

Risk assessment.

Physical Description:

1 online resource (37 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2008.

System Details:

text file

Summary:

Describes four kinds of risk that retirees face in retirement: longevity risk, investment risk, inflation risk, and the risk of large unexpected expenses for medical care or long-term care. Addresses basic features of life annuities; and examines reasons that market for these annuities remains small, in spite of protection that they provide against outliving one's retirement assets. Examines various strategies for self-annuitizing, and presents results of a CRS analysis to estimate probability that an individual who elects to self-annuitize would exhaust his or her retirement assets before death. Includes tables and graphs.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Converting Retirement Savings into Income

Access Restriction:

Restricted for use by site license.