Oct 3, 2018

Losing one's mind in retirement

I knew I was losing my mind. Here is a paper from Texas Tech (The Mental Health Effects of Asset Depletion in Retirement) Colin Slabach Texas Tech University September 30, 2018

"...few have analyzed the mental health effects of running out of money during retirement. This study examines the likelihood of having mental health issues in retirement when an individual runs out of money...The result suggests that individuals who are going to run out of money two years from now have an increase in the probability of having mental health issues. However, there is an even further increase in the likelihood of mental health issues when the individual actually has actually run out of money. The larger the drop in asset level (ex. $25,000 down to below $1,000 vs $5,000 down to below $1,000) the large[r the] probability of having mental health issues." 

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