The retirement industry continues to work at solving the conundrum of decumulating assets in retirement . In the case of BlackRock Inc. and the Bipartisan Policy Center, the organizations tried 100,000 variations to come up with a best-case scenario for an average worker.
The researchers considered a 35-year-old retirement saver with an annual income of $44,000, a 5% savings rate into a 50/50 split of stocks and fixed income, and a current retirement account balance of $19,000. For that worker, delaying social security to age 67 (the full Social Security retirement age for anyone born after 1960) and adding a […]
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