David P. Richardson
8500 Andrew Carnegie Blvd.
Charlotte, NC 28262
Institutional Affiliation: TIAA Institute
NBER Working Papers and Publications
|July 2017||Do Required Minimum Distribution Rules Matter? The Effect of the 2009 Holiday on Retirement Plan Distributions|
with Jeffrey Brown, James Poterba
in Personal Income Taxation and Household Behavior (TAPES), Roger Gordon and Christian Keuschnigg, organizers
|September 2014||Do Required Minimum Distributions Matter? The Effect of the 2009 Holiday On Retirement Plan Distributions|
with Jeffrey R. Brown, James Poterba: w20464
This paper investigates how the 2009 one-time suspension of the Required Minimum Distribution (RMD) rules associated with qualified retirement plans affected plan distributions at TIAA-CREF, a large retirement services provider. Using panel data on retirement plan participants at TIAA-CREF, we find that roughly one third of those who were affected by minimum distribution rules discontinued their distributions in 2009. The results also show relatively small differences in the suspension probability between those who had 2008 distributions equal to the RMD amount, and might be classified as facing a binding RMD constraint, and those who were taking distributions in excess of the RMD amount before the distribution holiday. The probability of suspension declines substantially with age and r...
Published: Jeffrey R. Brown & James Poterba & David P. Richardson, 2016. "Do Required Minimum Distribution Rules Matter? The Effect of the 2009 Holiday on Retirement Plan Distributions," Journal of Public Economics, .