Why retirees should avoid being frugal with their savings

Callum Sutherland - Apr 29, 2021
“Conventional retirement income planning assumes that retirees want to maintain a certain standard of living or a certain level of spending and attempt to generate enough income to support that spending level,” the report says. “But the data suggest

“Conventional retirement income planning assumes that retirees want to maintain a certain standard of living or a certain level of spending and attempt to generate enough income to support that spending level,” the report says. “But the data suggest that the opposite might be true. People are flexible about their spending and adjust it to match their income so that they can avoid drawing down their assets.”

 

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