Due to “exaggerated evaluations of market volatility,” retirees may be concentrating on the incorrect financial security issues

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Last Updated on August 6, 2022 by Bitfinsider

Market declines can increase seniors’ worries that they won’t have enough assets to support themselves.

However, it appears that there may be other financial risks that retirees should be aware of.

According to recent data from the Center for Retirement Research at Boston College, longevity, or the possibility that retirees may live longer than planned and run out of money, is actually the biggest financial hazard. Both actual and perceived dangers for retirees were ranked in the report.

According to studies, retirees’ exaggerated perceptions of market volatility are what put market risk at the top of their list of perceived dangers. The main objective risk that older persons ignored was lifespan because they were “pessimistic about their survival probabilities.”

Only two of the five key retirement hazards that individuals and couples confront are longevity and the market, which takes into account housing and investment conditions. The other three are hazards to one’s health, family, and policy.

Retirees may incur unforeseen medical costs and long-term care needs when it comes to their health. These medical costs include the total of uncovered expenses for prescription drugs, insurance premiums, inpatient and outpatient care, hospital stays, nursing home care, and doctor and dentist visits.

However, the study discovered that older persons generally underestimate the expenditures they may incur because their expectations for medical spending don’t alter much with age.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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