The Drawdown of Personal Retirement Assets

James M. Poterba, Steven F. Venti, David A. Wise

NBER Working Paper No. 16675
Issued in January 2011

---- Acknowledgements -----

This research was supported by the U.S. Social Security Administration through grants #10-P-98363-1-05 and #10-M-98363-1-01 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. Funding was also provided through grant number P01 AG005842 from the National Institute on Aging. Poterba is a trustee of the TIAA-CREF mutual funds and the College Retirement Equity Fund, a retirement service provider. We are grateful to John Sabelhaus and especially Sarah Holden for helpful comments and discussion. The findings and conclusions expressed are solely those of the authors and do not represent the views of the SSA, any agency of the Federal Government, TIAA-CREF, or the NBER.

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