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by Alicia H. Munnell,Annika Sundén

Author: Alicia H. Munnell,Annika Sundén
Subcategory: Politics & Government
Language: English
Publisher: Brookings Institution Press (February 9, 2004)
Pages: 272 pages
Category: Politics
Rating: 4.2
Other formats: mobi txt lrf mbr

In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of. .Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions.

In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of employer-sponsored pensions and a vital source of retirement income for the American middle class. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable

Includes bibliographical references (p. 190-203) and index.

Includes bibliographical references (p. Introduction - 401(k) plans and retirement income - Participation and contributions in 401(k) plans - Investment decisions in 401(k) plans - The special case of company stock - Leakages from 401(k) plans - Withdrawing 401(k) funds at retirement - Making pension plans do their job.

In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing. In Coming Up Short: The Challenge Of 401(k) Plans, co-authors Alica H. Munnell and Annika Sunden collaborate in exploring the emergence and impact of 401(k) plans, the fastest-growing type of employer-sponsored pensions, with respect to the American public and national economics.

Coming Up Short: The Challenge of 401(K) Plans. Annika Sunden, Alicia H. Munnell. Скачать (pdf, . 5 Mb).

In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable

401(k) plans require the employee to decide whether or not to join the plan, how much to contribute, how to invest the contributions . Munnell, Alicia and Sundén, Annika . 401(K) Plans are Still Coming Up Short (March 2006).

401(k) plans require the employee to decide whether or not to join the plan, how much to contribute, how to invest the contributions and when to re-balance, what to do about company stock, whether to roll over accumulations when changing jobs, and how to use the money in retirement. Recent data continue to indicate that at every step along the way a significant fraction of participants makes serious mistakes. Alicia Munnell (Contact Author).

Coming Up Short book. Details (if other): Cancel. Thanks for telling us about the problem. Coming Up Short: The Challenge of 401(k) Plans. by. Alicia H.

Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans . Munnell has written several books, including Brookings titles State and Local Pensions: What Now?

Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions. Comprehensive and up-to-date, Coming Up Short is an essential resource on 401(k) plans for financial service professionals, policymakers, academics, and individuals planning for their own retirement. Munnell has written several books, including Brookings titles State and Local Pensions: What Now? (2012), and Coming Up Short: The Challenge of 401(k) Plans, with Annika Sundén (2004).

Munnell and Sass propose a straightforward way to reduce longevity risk: working at career jobs for an average of three additional years

He was previously an economist at the Federal Reserve Bank of Boston and taught at Rutgers and Brandeis. Munnell and Sass propose a straightforward way to reduce longevity risk: working at career jobs for an average of three additional years. This would raise the age at which half the age cohort is out of the workforce from today's 63 to about 66 - which was the corresponding average age of retirement for men in 1960.

By following their advice, the average worker retiring in 2030 can be as well off as today's retirees. Implementing this solution on a national scale, however, may not be simple. He was previously an economist at the Federal Reserve Bank of Boston and taught at Rutgers and Brandeis.

As the baby boom begins to withdraw from the labor force, ensuring a secure retirement income becomes an increasingly important issue, the number of people over age 65 is expected to double by 2030. That trend will continue, accompanied by worries about stock market volatility, corporate malfeasance, a rapidly changing economy, and the viability of Social Security. In Coming Up Short, two experts on retirement policy analyze 401(k) plans, the fastest-growing type of employer-sponsored pensions and a vital source of retirement income for the American middle class. Alicia Munnell and Annika Sunden chronicle the development of 401(k) plans, now the dominant form of private pensions. In accessible language, they explain how such plans work and discuss their popularity. For employees, these plans are appealing becuase they have more control over their own retirement funds, and the plans are portable. For employers, the plans are generally less costly than defined benefit plans. Despite those advantages, there are some significant downsides to 401(k) plans. These plans shift all the risk and responsibility to employees, who must decide whether to join, how much to contribute, how to invest, whether to "cash out" when changing jobs, and how to manage their nest egg in retirement. These are difficult decisions, and while in theory 401(k)s could be an effective savings vehicle for retirement, in practice many people make mistakes at every step along the way. Com ing Up Short discusses why these mistakes are made and proposes various reforms to ensure that the aging population will have adequate retirement income. Comprehensive and up-to-date, Coming Up Short is an essential resource on 401(k) plans for financial service professionals, policymakers, academics, and individuals planning for their own retirement.