Running out of money in retirement is one of Americans’ greatest financial fears. Converting retirement saving balances into reliable income is one of the most complex financial decisions people must make. Most 401k and similar plans are not structured to provide lifetime income. Can retirement plans be reformed to provide safe income for the duration of retirees’ lives?
On Thursday, April 18, the Retirement Security Project at Brookings hosted an event to explore ways to create lifetime income for people with 401k-type plans. Nobel laureate Richard Thaler and several other noted experts discussed new Brookings research on retirement plans.
Panel I: Lifetime income without annuities
Panel II: Reducing key regulatory barriers to annuities in DC plans
Discussion
Agenda
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April 18
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Welcome and introduction
Stephanie Aaronson Senior Associate Director, Division of Research and Statistics - Federal Reserve Board -
Speaker
Richard Thaler Charles R. Walgreen Distinguished Service Professor - University of Chicago Booth School of Business @R_Thaler -
Lifetime income without annuities
Moderator
William G. Gale Senior Fellow - Economic Studies, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Co-Director - Urban-Brookings Tax Policy CenterPresenter
David John Senior strategic policy advisor - AARP Public Policy Institute, Nonresident Senior Fellow - Brookings Economics Studies @dcjretiresecure -
Reducing key regulatory barriers to annuities in DC plans
Moderator
William G. Gale Senior Fellow - Economic Studies, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Co-Director - Urban-Brookings Tax Policy Center -
Discussion
Moderator
William G. Gale Senior Fellow - Economic Studies, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Co-Director - Urban-Brookings Tax Policy CenterPanelist
Richard Thaler Charles R. Walgreen Distinguished Service Professor - University of Chicago Booth School of Business @R_Thaler
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