Doing More, Not Less, to Save Retirees From Financial Ruin

2015-06-17T18:23:00-07:00June 17th, 2015|Categories: Retirement|Tags: , , |

Just over 10 years ago, researchers at the University of Michigan added three questions to their Health and Retirement Study, a biennial survey of Americans over 50: ■ If $100 earns 2 percent per year, in five years will you have more than $102, less than $102 or $102? ■ If the interest rate on your savings is 1 percent per year and annual inflation 2 percent, could you buy more, less or the same with your money in [...]