New research indicates that wealthier preretirees and retirees might need some help figuring out a drawdown strategy for retirement assets, and are reluctant to leave funds in employers’ retirement plans.
In a study examining the impact of parenthood and wealth transfer on retirement funding, Hearts and Wallets considered a specific segment of the population: the 5.2 million households between the ages of 53 and 70 who have from $500,000–$5,000,000 in investable assets and who as a group control about $10 trillion in assets.
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