Why Retiring During a Boom May Be a Financial Bust

"Employees who plan to retire when their savings accounts are flush from an economic windfall should rethink their strategy, new research shows.
A study by University of Missouri assistant professor Rui Yao found that retiring when economic conditions are at their best often causes major problems for a retiree's long-term financial stability.
Yao said potential retirees often meet their targeted retirement savings goals during an up market and will be tempted to retire at that point, but never account for how cyclical the economy is and that it will eventually take a downturn."
"People who have retired shortly before an economic downturn run a serious risk of losing a significant portion of their retirement savings, which will shorten the longevity of their retirement income," Yao said. "This could result in many retirees outliving their retirement savings and facing financial hardships toward the end of their lives." Research summary by Chad Brooks read more at: http://www.businessnewsdaily.com/3198-retiring-during-boom-time.html