Not exact matches
Nearly seven in ten (69 %) of middle - income
retirees would have liked to have stayed longer in their old careers, but had to leave
earlier than they planned for «reasons beyond their control,» the report says — most commonly because of health problems (39 %), being laid
off (19 %), or to care for a loved one (9 %).
Would be interesting to see how many of these
early «
retirees» end up working again due to some shortfall when equities sell
off.
By setting up a reverse mortgage
early in retirement, borrowers are able to draw from their home's equity instead of their 401 (k) plans or IRAs in times of low investment returns.3 So, when the stock market is yielding low returns, these
retirees use the money from their reverse mortgages to live
off of while allowing their investment portfolios to recover.
Assuming a traditional 60 - 40 split between stocks and bonds, an
early retiree can perhaps hope to live
off the portfolio's yield in the form of interest and dividends.
Retirees would have been better off without a DIA in simulations where portfolio returns are very high or when retirees di
Retirees would have been better
off without a DIA in simulations where portfolio returns are very high or when
retirees di
retirees die
early.