drawing of head with money in place of brain Personality traits do influence retirees' wealth outside of their retirement plans, a study found. (Photo: Shutterstock)

It's more than just how much money they've managed to accumulate over the years till retirement; how people handle retirement money depends to a great extent on their personalities.

So says a study from NBER Retirement Research Center, which looked at how personality affects what a person does with her retirement funds (wealth decumulation).

Researchers examined retirement wealth both inside of employer retirement plans and outside, to see whether personality factors and other influences, such as market conditions and health, weighed on how much people saved or accumulated for retirement.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.