Financial shocks could disrupt tomorrow’s retirees

Future retirees might have to downsize or spend down their assets to meet unexpected expenses.

While today’s retirees, dependent as they are on Social Security and traditional pensions rather than 401(k)s, are better able to withstand financial shocks, tomorrow’s retirees won’t have it so easy.

They will be more in danger of being forced to downsize or spend down their assets to meet unexpected expenses such as a spike in medical bills or a loss of income through being widowed.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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