This webinar offers a review of a new report, “Retirement Security and Financial Decision Making.” Conducted by the Consumer Financial Protection Bureau, the research finds that nearly half of Americans who retired between 1992 and 2014 did not have the ability to maintain the same spending level for five years following retirement.
Session attendees heard about the findings, which indicate that certain financial decisions may enhance or diminish retirees’ ability to maintain the same level of spending level. For example, for homeowners, entering retirement without mortgage debt, for those with a pension, choosing a monthly annuity rather than in a lump-sum payout, are positively associated with retirees’ ability to maintain the same spending level for five years.