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

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Place of publication not identified] [publisher not identified] 2008

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:

CRS Report

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

Vendor supplied data

Other Format:

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

Publisher Number:

CRS-2008-DSP-0727

Access Restriction:

Restricted for use by site license