Many Americans do not plan before they decide to retire, and they do not have clear strategies for handling risks, leaving them vulnerable to financial shocks later in life, according to a study by the Society of Actuaries and Matthew Greenwald and Associates.
The study was designed to explore how individuals make retirement decisions in order to gain better knowledge of the process they used to make decisions, what steps were included, how finances and other factors were considered and how successful they have been in later years.
Eight focus groups of "resource-constrained" retirees who had voluntarily retired were interviewed. Groups were separated by asset level, sex and geography. A comparison of recent versus more long-term retirees was also examined.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
