After making all the right moves to prepare for retirement, high-net-worth individuals could still dilute their quality of life if they skip buying inflation-indexed annuities with their retirement assets, according to a study released by the National Retirement Risk Index at the Center for Retirement Research at Boston College.
Nationwide Mutual Insurance Co. sponsored the study, which measured the share of American households that are considered at risk of being unable to maintain their pre-retirement standard of living in retirement.
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