Health Events Have a Major Impact on Retirement Assets
A recent article on retirement planning discusses the profound impact that health events can have on retiree assets.
A retirement income study by the National Bureau of Economic Research indicates that the association between health and retirement assets is "striking:"
People in the bottom 20 percent of the population in terms of their health had median assets only half those of people in the top 20 percent when the research period began in 1994. When it ended 12 years later, the least-healthy group had only one third the retirement assets of the healthiest group.
Source: U.S. News & World Report
