John Ameriks and Olivia S. Mitchell, Editors
As Baby Boomers transition into their 60s, they have focused policymaker and media attention on how this generation will manage the retirement phase of its lifetime. This volume acknowledges that many, though not all, in this older cohort have accumulated substantial assets, so for them, the question is what will they do with what they have? It provides a detailed exploration of how people entering retirement will deploy their accumulated assets in the near and long term, so as to best meet their myriad spending, investment, and other objectives.
The book offers readers an invaluable study of emerging issues regarding assets and expectations on the verge of retirement, including uncertainty regarding life expectancy and morbidity. Chapter authors include prominent academics, policymakers, and legal, financial, and economic practitioners.
This volume represents an invaluable addition to the Pension Research Council / Oxford University Press series. It will be especially useful for analysts and advisers seeking to help consumers position, invest, manage, and spend retirement assets; financial advisers and academics debating ways to effectively manage assets in retirement; and lawyers and policy experts evaluating regulation for the retirement payout marketplace.
Publication date: September 2008 · Oxford University Press · ISBN 0-19-954910-8
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- Table of Contents and Chapter 1: Managing Retirement Payouts: Positioning, Investing, and Spending Assets
John Ameriks and Olivia S. Mitchell - Chapter 2: Is Retirement Being Remade? Developments in Labor Market Patterns at Older Ages
Sewin Chan and Ann Huff Stevens - Chapter 3: Understanding Consumption in Retirement: Recent Developments
Erik Hurst - Chapter 4: Net Worth and Housing Equity in Retirement
Todd Sinai and Nicholas Souleles - Chapter 5: The Role of Individual Retirement Accounts in US Retirement Planning
Sarah Holden and Brian Reid - Chapter 6: Retirement Distributions and the Bequest Motive
G. Victor Hallman - Chapter 7: Rethinking Social Security Claiming in a 401(k) World
James I. Mahaney and Peter C. Carlson - Chapter 8: Regulating Markets for Retirement Payouts: Solvency, Supervision, and Credibility
Phyllis C. Borzi and Martha Priddy Patterson - Chapter 9: Efficient Retirement Financial Strategies
William F. Sharpe, Jason S. Scott, and John G. Watson - Chapter 10: The Impact of Health Status and Out-of-Pocket Medical Expenditures on Annuity Valuation
Cassio M. Turra and Olivia S. Mitchell - Chapter 11: Annuity Valuation, Long-Term Care, and Bequest Motives
John Ameriks, Andrew Caplin, Steven Laufer, and Stijn Van Nieuwerburgh - Chapter 12: Asset Allocation within Variable Annuities: The Impact of Guarantees
Moshe A. Milevsky and Vladyslav Kyrychenko - Chapter 13: Tax Issues and Life Care Annuities
David Brazell, Jason Brown, and Mark Warshawsky - Download Index