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Money Talks: The United States is Doing Retirement Wrong
Slate Money
Wealth Management Uncovered
Most inheritances happen by chance, prompting financial advisors to recommend giving assets to children during one's lifetime, ensuring personal financial security. Data reveals stark contrasts in well-being: individuals with defined benefit plans enjoy lifelong financial security without the burden of management, while those who must oversee a significant sum for their retirement face substantial mental health challenges. The pressure of managing a large asset can lead to increased cortisol levels and heightened anxiety, underscoring the difficulties in financial planning and its impact on mental health.
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