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How Persistent Low Returns Will Shape Saving and Retirement$
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Olivia S. Mitchell, Robert Clark, and Raimond Maurer

Print publication date: 2018

Print ISBN-13: 9780198827443

Published to Oxford Scholarship Online: October 2018

DOI: 10.1093/oso/9780198827443.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 June 2021

Retirement Saving and Decumulation in a Persistent Low-Return Environment

Retirement Saving and Decumulation in a Persistent Low-Return Environment

Chapter:
(p.132) Chapter 9 Retirement Saving and Decumulation in a Persistent Low-Return Environment
Source:
How Persistent Low Returns Will Shape Saving and Retirement
Author(s):

Jason J. Fichtner

Jason S. Seligman

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198827443.003.0009

The current retirement environment presents challenges, not only over the period for which interest rates remain low, but also once interest rates appreciably increase. This chapter addresses two related questions: first, how have households responded to the current low interest rate environment, and second, are there alternative responses or investments which households might do well to consider? We employ the Health and Retirement Study to first investigate impacts of the low interest rate on savings, wealth, and asset allocation. We also report on a subset of households who were relatively successful at building and preserving wealth over this period. Following this, we consider alternative portfolio and wealth management strategies targeting increases in equities and delayed claiming of Social Security in terms of their potential to add value in persistent low return environments.

Keywords:   Health and Retirement Study, deferred social security claiming, low interest rates, LTV, asset allocation

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