Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/244697 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
LawFin Working Paper No. 17
Verlag: 
Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin), Frankfurt a. M.
Zusammenfassung: 
Tax-qualified vehicles helped U.S. private-sector workers accumulate {dollar}25Tr in retirement assets. An often-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD) regulation, requiring retirees to withdraw a minimum fraction from their retirement accounts or pay excise taxes on withdrawal shortfalls. Our calibrated lifecycle model measures the impact of RMD rules on financial behavior of heterogeneous households during their worklives and retirement. We show that proposed reforms to delay or eliminate the RMD rules should have little effects on consumption profiles but more impact on withdrawals and tax payments for households with bequest motives.
Schlagwörter: 
life cycle saving
household finance
401(k) plan
retirement
tax policy
JEL: 
D14
G11
G50
G51
H24
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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