7 Ways Upper-Class People Become Poor in Retirement [Yahoo! Finance]
Oppenheimer Holdings, Inc. Class A (DE) (OPY)
US:NYSE Investor Relations:
opco.com/investor-relations/index.aspx
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Source: Yahoo! Finance
Trending Now: I'm a Frugal Shopper: 7 Things I Never Waste Money On Check Out: 6 Unusual Ways To Make Extra Money (That Actually Work) But even upper-class people can become poor in retirement. How does this happen? What goes wrong? Let's take a look. You Underestimate Your Life Expectancy Americans are living longer lives, and while this seems like a clear blessing, it can be a mixed one in retirement. Do you really have enough money saved to live to be 93 or older? “One of the biggest risks we are going to face is longevity risk — the risk of outliving our assets,” said Melissa Murphy Pavone, CFP, CDFA and investments director at Oppenheimer & Co. Inc . “With the advances in medicine and technology people are living longer. One out of four, 65-year-old men of average health will live to age 93. One out of four, 65-year-old women will live to age 96. We need to plan for a longer retirement period.” Learn More: 5 Unnecessary Bills You Should Stop Paying in 2024 For You:
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News
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OPY
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 10-Q
- 3/15/24 - Form DEF
- OPY's page on the SEC website