“We have a long-term-care framework ... based on the health and retirement study ... we simulate needing care and use cost assumptions”
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Said on The Long View
“We built this on top of a government survey, the Survey of Consumer Finances… we incorporate people's wages, savings, job changes… long-term care… produce a distribution of outcomes on retirement income adequacy.”
Spencer Look · The Long View · Spencer Look and Jack VanDerhei: The Assumptions That Can Put Your Retirement at Risk
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What was described
Built a household-level micro-simulation retirement model on the Survey of Consumer Finances to project wages, savings, job changes, withdrawals, Social Security, longevity and long-term-care costs
Said nearby on the same subject
“Wage insurance… you lose your job and then you have to go to a lower wage job… that to me is a good use of wage insurance”
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Kathryn Anne Edwards
The Weekly Show with Jon Stewart ·
“Every year that you do delay, social security past what's called your FRA, full retirement age, it gives you roughly an 8% increase in benefits”
♫
Said on Retire Right Radio
“Measure the return… might be cost savings, might be revenue growth, divided by both the labor cost and the token cost associated with that project.”
MK
Matt Kropp
The So What from BCG ·
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