A survey of affluent retiree households shows that, despite having a median total household income similar to “traditional retirement” households, they rely more on withdrawals from financial accounts for retirement income than the latter.
A Vanguard paper titled “Withdrawals from financial accounts in retirement,” by Anna Madamba, Ph.D., and Stephen P. Utkus, explored where retirement income comes from in wealthier households, and how much of that income is spent. The study also looked at the types of accounts owned by households and whether the type of account affected how money is spent during retirement.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
