Tag: longevity risk

businessman solving maze

The brief’s key findings are: Retirees face many financial risks, such as outliving their money, investment losses, and unexpected health expenses. How important are these risks and how well do retirees perceive them? The analysis finds a big disconnect between how actual and perceived risks are ranked: Actual: 1) longevity; 2) health; and 3) market…

elderly man inserting credit card to ATM

The brief’s key findings are: Studies show that retirees have tended to draw down their financial wealth very slowly. But these retirees generally had defined benefit (DB) pension plans, which pay benefits for life. Hence, this slow drawdown pattern may not hold for new retirees, who rely on 401(k)s. Indeed, the analysis finds that households…