Tag: retirement risk
Abstract Retirees with limited financial resources face numerous risks, including out-living their money (longevity risk), investment losses (market risk), unexpected health expenses (health risk), the unforeseen needs of family members (family risk), and even retirement benefit cuts (policy risk). This study systematically values and ranks the financial impacts of these risks from both the objectiv…
The brief’s key findings are: The wealth-to-income ratio for current workers is a good way to gauge their retirement preparedness. During 1983-2007, these ratios were remarkably stable, which should never have been a source for comfort as the need for wealth increased due to: rising life expectancy; the shift to 401(k) plans; increasing health care costs; and…
