November 6, 2022
By : Quick Insurance Guru
The biggest difference between yesterday's retiree and today's is the diminished defined benefit.
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The Revenue Act of 1978 (opens in new tab) created the 401(k) when the ERISA of 1974 is pending.
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Many people underestimate longevity, stock market volatility, and are not sure if they would outlast their savings.
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Here are the 7 biggest risk retirees should avoid at all costs.
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1. Longevity Risk
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2. Inflation Risk
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3. Tax Rates Risk
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4. Health Care Costs Risk
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5. Long-Term Care Costs Risk
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6. Lifetime Income Risk
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7. Stock Market Risk
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