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Katrina, Fukushima and Retirement Risk: When Risks Create Risk
The Retirement Cafe
July 27, 2017
"[R]uin appears to result most often from multiple dependent risks ... such as an illness that results in job loss and large medical bills that, in turn, generate unserviceable credit card debt that ultimately forces the household into bankruptcy.... Not only are risks difficult to quantify but they are even difficult to identify and they are often inter-dependent (not independent)."
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