New analysis from the Society of Actuaries suggests the traditional scope of retirement planning is not adequately accounting for the frequency of financial shocks retirees experience after they leave the workforce.
The new data is an extension of SOA's biannual Risks and Process of Retirement Survey, most recently conducted in 2015.
According to the recent findings, more than one in three retirees who experienced a financial shock saw the value of their total assets decline by 25 percent or more, according to the SOA.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
