| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16675 |
| 来源ID | Working Paper 16675 |
| The Drawdown of Personal Retirement Assets | |
| James M. Poterba; Steven F. Venti; David A. Wise | |
| 发表日期 | 2011-01-06 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | How households draw down their balances in personal retirement accounts (PRAs) such as 401(k) plans and IRAs can have an important effect on retirement income security and on federal income tax revenues. This paper examines the withdrawal behavior of retirement-age households in the SIPP and finds a modest rate of withdrawals prior to the age of 70½, the age at which required minimum distributions (RMDs) must begin. In a typical year, only seven percent of PRA-owning households between the ages of 60 and 69 take an annual distribution of more than ten percent of their PRA balance, and only eighteen percent make any withdrawals at all. For these households, annual withdrawals represent about two percent of account balances. The rate of distributions rises sharply after age 70½, with annual withdrawals of about five percent per year. During the period we study, the average rate of return on account balances exceeded this withdrawal rate, so average PRA balances continued to grow through at least age 85. Our findings suggest that households tend to preserve PRA assets, perhaps to self-insure against large and uncertain late-life expenses, and that RMD rules have important effects on withdrawal patterns. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w16675 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574350 |
| 推荐引用方式 GB/T 7714 | James M. Poterba,Steven F. Venti,David A. Wise. The Drawdown of Personal Retirement Assets. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16675.pdf（753KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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