Pre-Retirement Lump-Sum Pension Distributions and Retirement Income Security: Evidence From the Health and Retirement Study

Gary V. Engelhardt

National Tax Journal, 2002, vol. 55, issue 4, 665-85

Abstract: This paper uses the Health and Retirement Study to examine the extent of retirement wealth erosion from pre-retirement lump-sum pension distributions. There is little evidence that spent distributions have resulted in significant pension leakage. If spent distributions had been rolled over into a tax-qualified plan, they would have represented 5-11 percent of pension and Social Security wealth for the median household that spent a distribution. However, one-quarter of the households that spent distributions--which is 2.25 percent of all households age 51 to 61--could have increased retirement wealth by 25 percent or more had the distributions been rolled over.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:55:y:2002:i:4:p:665-85

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