One Retirement Risk Few People Talk About

retirement risks

Retirement is full of risks and hurdles, as it can span 30 or 40 years for many Americans. Certain risks are well known: running out of money, long-term care, health care and investment risks. Within these broad categories lie hidden or overlooked sub-risks. For instance, within investment risks is sequence-of-returns risk or liquidity concerns. Within long-term care is public policy risk if Medicaid is cut back.

One often overlooked sub-risk of health care is senior depression. It’s not well-documented or understood by the financial services industry. And it’s usually underdiagnosed, under-planned for and underrecognized — even though it affects millions of Americans.

Happiness in retirement is complex, though. Some research shows that many retirees are happier than they were before retirement and, as a whole, are happier than any other group. But at the same time, retirees can suffer from depression at rates higher than the average person. It becomes a tale of two cities: increased happiness for some retirees and increased depression among others.

Read the Full Article on InvestmentNews.

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