At the core of any profitable enterprise is a well organized management. Asebedo and her coauthor, Christopher Browning, Ph.D., also of Texas Tech, analyzed persona and psychological information from greater than three,600 folks in the United States age 50 or older (the average age was 70) in the 2012 and 2014 waves of the Well being and Retirement Examine. This is a nationally representative survey sponsored by the National Institute on Growing older and carried out by the University of Michigan. The information were paired with tax information from the identical individuals to account for withdrawals from particular person retirement accounts. The researchers solely used members who made withdrawals from their retirement accounts and different saving accounts.