New study shows that retirees are more likely to cash out smaller retirement accounts instead of turning them into steady income streams, even though they might do the opposite with larger accounts. This choice can hurt their long-term financial security, leaving them with less stable income in retirement. For financial companies, this behavior has implications in their ability to manage assets liabilities risks (ALM).
Small accounts, big decisions: How multiple savings impact retirement payout choices
The Owl Picks
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Back pain can be debilitating, affecting your ability to enjoy everyday activities. The good news is, you don’t have to rely solely on medications to find relief. At livingnwell.com, we believe in the power of [...]
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