The nest eggs of past retirees were remarkably resilient, so much so that for many in their golden years, investment returns on retirement savings outpaced drawn down rates.
According to analysis from the BlackRock Retirement Institute, retirees that began leaving the workforce in the early 1990s were able to preserve the vast majority of their savings throughout retirement.
Using data from the Employee Benefits Research Institute, BlackRock's analysis shows that the wealthiest households held 83 percent of their savings nearly two decades after retirement.
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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.
