What Makes a Successful Retirement? Studies Paint a New Picture of How Retirees Spend Time and MoneyFinke, Michael
Blanchett observes a “retirement spending smile” that varies slightly for retirees with different household spending levels. But the general form is reasonably consistent. As we can see below, retirees tend to spend more in early retirement, followed by a dip in their spending as they age, and...
Affluent investors are also concerned about passing on their values about money to their families. "Sometimes they are more concerned about transferring their money values more than their wealth itself," Maez added. "They understand that quality of life can be drastically better if someone’s rela...
What you spend on matters You may think you want to buy your dream home in a new locale or splurge on a recreational vehicle to tour the country. Yet what makes retirees happiest is spending money socializing with other people, according to CFP Michael Finke, a professor of wealth management...
What does a retirement planner do? A retirement planner helps people to plan for their retirement. Typical tasks include ensuring that your money is well invested, providing a breakdown of how much you will have to spend, considering which insurance products may be beneficial, reducing tax liabili...
Retirees may need to rethink their investments and income plans as interest rates begin to decline. Kate StalterDec. 18, 2024 What Do Lower Rates Mean for Retirees? Here’s how to come up with the cash to buy a property in another country. Kathleen PeddicordDec. 18, 2024 Way...
pandemic survey by the Federal Reserve found only 54% of families held retirement accounts.6With pension funds in jeopardy and Americans not saving enough on their own, future retirees may find themselves working longer than they had hoped unless they save more during their pre-retirement years.7...
While some early retirees try to steer clear of debt as a way to minimize expenses, that's not always an optimal strategy. It's possible that holding onto some debt, like a low-interest-rate mortgage, and keeping more of your money invested in higher-returning assets could give you more...
To future retirees, do what you want to do, not what others say you should do. To each his own. 21 Neil Ridenour 1 year ago David, very good approach regarding the meaning varies among who is retiring…and from what. I especially agree because even though I no longer work for a ...
How Much Money Will You Need? Failing to do a proper retirement needs analysis is one reason many people find themselves struggling financially during their post-work life. At its most basic level, an analysis of your retirement needs might consist of multiplying your currentincomeby some recommen...