Title | Pre-Retirement Lump-Sum Pension Distributions and Retirement Income Security: Evidence from the Health and Retirement Study |
Publication Type | Journal Article |
Year of Publication | 2002 |
Authors | Engelhardt, GV |
Journal | National Tax Journal |
Volume | 55 |
Issue | 4 |
Pagination | 665- |
Call Number | pubs_2002_Engelhardt_GNatTaxJour.pdf |
Keywords | Methodology, Net Worth and Assets, Pensions |
Abstract | This paper uses the Health and Retirement Study to examine the extent of retirement wealth erosion from pre-retirement lump-sum pension distributions. There is little evidence that spent distributions have resulted in significant pension leakage. If spent distributions had been rolled over into a tax-qualified plan, they would have represented 5-11 percent of pension and Social Security wealth for the median household that spent a distribution. However, one-quarter of the households that spent distributions--which is 2.25 percent of all households age 51 to 61--could have increased retirement wealth by 25 percent or more had the distributions been rolled over. |
URL | https://www.jstor.org/stable/41789634 |
Endnote Keywords | Retirement Wealth/Pensions/Models, Theoretical |
Endnote ID | 6596 |
Citation Key | 6799 |