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The brief’s key findings are: Managing a nest egg in retirement is hard. People don’t know how long they will live and what asset returns to expect. “Rules of thumb,” such as spending either asset income only or a fixed percent of the capital each year, have significant limitations the capital each year, have significant…
Abstract Understanding the economic characteristics of residents in seniors care communities is important to understanding the demand for these services as well as how individuals are paying for this type of care. It is particularly critical now given the recent steep decline in both the housing and equity markets, which could significantly erode the assets…
