The impact of interest rates on the National Retirement Risk Index

Munnell, Alicia Haydock, Anthony Webb, and Rebecca Cannon Fraenkel. “The impact of interest rates on the National Retirement Risk Index”. Issue in Brief 13-9, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2013. http://hdl.handle.net/2345/bc-ir:103846.
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Abstract

The brief's key findings are: (1) The National Retirement Risk Index shows that changes in interest rates have only a modest effect on retirement preparedness for three reasons: (1a) Most households have relatively little financial wealth to annuitize. (1b) The effect on annuity income is muted, because the principal portion of the annuity payout is unaffected by interest rates. (1c) Changes in the annuity income from a reverse mortgage are partly offset by changes in the amount that can be borrowed.

Title
The impact of interest rates on the National Retirement Risk Index
Author
Munnell, Alicia Haydock
Webb, Anthony
Fraenkel, Rebecca Cannon
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
June 2013
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
13-9
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:103846
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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