The impact of leakages from 401(k)s and IRAs

Munnell, Alicia Haydock, and Anthony Webb. “The impact of leakages from 401(k)s and IRAs”. CRR WP 2015-2, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, February 2015. http://hdl.handle.net/2345/bc-ir:104721.
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Abstract

This paper summarizes what is known about leakages from existing studies and relates these results to detailed data on leakages in 2013 provided by Vanguard's How America Saves. It then uses two data sets - the Survey of Consumer Finances (SCF) and the Survey of Income and Program Participation (SIPP) – to estimate the impact of leakages on wealth at retirement. The Vanguard data are a critical component because they provide a comprehensive picture of assets and participant flows, whereas the surveys on which earlier studies were based tended to focus on one component, such as loans. A key limitation is that Vanguard's population is probably older and wealthier than the general population.

Title
The impact of leakages from 401(k)s and IRAs
Author
Munnell, Alicia Haydock
Webb, Anthony
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
working paper
Date Issued
February 2015
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2015-2
Persistent Link
http://hdl.handle.net/2345/bc-ir:104721
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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