A market downturn could be particularly detrimental for new retirees unless they have a strategic plan to manage their assets throughout their retirement.

Stocks have surged, and economists said the resulting "wealth effect" has led older workers to retire at a faster clip.

Professionals spend years saving for retirement. Many enroll in an employer-sponsored retirement plan the moment they begin their careers in their early twenties, and continue to build their nest egg ...

Older people may be retiring because the stock market is simply better than working.

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