"Spending during
retirement tends to vary as retirees age, rather than being a matter of
steadily drawing down funds, writes Michael Kitces of Pinnacle Advisory Group.
A projection of spending based on age banding can show that 'retirees may not
actually need to save as much or accumulate as large of a nest egg to retire in
the first place,' he writes." Kitces is one of the top resources for
retirement planning info; he is up to date on the most recent research and has
an analytical mind to slice through to the core of the implications for consumers.
Read: “Kitces: A better baseline for
retirement planning.” http://www.bankinvestmentconsultant.com/news/kitces-a-better-baseline-for-retirement-planning
Yeah, the expenses of the retirees can vary as per their age factor. You don’t know when critical time in life comes and that’s why everyone should start saving money ahead of time. I also have started earning and to secure my future I am soon going to get proper consultation for personal financial planning from an expert.
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