4/25/2014 – 6 key things to know about retirement

Many people don’t do much planning before deciding to retire, and they use simplistic strategies to deal with financial risks. As a result, they’re vulnerable to the risk of financial shocks that may cause them to struggle financially in their later years.

That’s the conclusion of a recent study conducted by the Society of Actuaries together with Matthew Greenwald and Associates. The two organizations conducted focus groups with current retirees to learn how Americans go about planning for their retirement.

Read the full article by Center on Longevity Research Scholar Steve Vernon at CBS MoneyWatch.