New study reveals link between arrival of grandchildren and early retirement of women

According to financial planners, women face unique challenges when preparing to retire. A recent study co-authored by Robin Lumsdaine, Crown Prince of Bahrain Professor of International Finance at American University’s Kogod School of Business, reveals retirement-age women who have new grandchildren are 9 percent more likely to retire early than those who do not. The increased probability of early retirement due to the arrival of grandchildren is comparable to the number of women that retire due to worsening health. The decision to retire early has a significant impact on income adequacy later in life as it can result in lower IRA, Social Security and pension benefit amounts. —> Read More