Retiring during economic booms could cause financial hardships for retirees, study finds
Thursday, September 27, 2012 - 10:31
in Mathematics & Economics
The recent economic downturn and volatile financial markets have drastically reduced the retirement accounts of many current and future retirees. In a new study, a University of Missouri financial expert has found that many Americans choose to retire when the economic markets are peaking, an action that can, ironically, cause major problems for the long-term financial stability of retirees.