Retirement Income: Considerations for Employees & Policymakers

As life expectancy increases, the risk that retirees will outlive their assets is a growing challenge. The shift from defined benefit (DB) pension plans to defined contribution (DC) plans also increases the responsibility for workers and retirees to make difficult decisions and manage their pension and other financial assets so that they have income throughout retirement. This book explores financial experts recommendations and strategies to navigate the difficult choices retirees will have to make, and which often depend on an individual’s circumstances, such as anticipated expenses, income level, health and each household’s tolerance for risks, such as investment and longevity risk.