Anticipate Spending Shifts

Post by **admin** » Fri Feb 07, 2025 4:23 pm

Anticipate Spending ShiftsYou probably won’t be spending exactly the same amount year after year in retirement. As such your retirement income plan should anticipate those spending shifts.Numerous studies show that, for most retirees, spending goes through three predictable phases:

When we first retire, we spend a little more than when we were working
As we continue to age, we generally start to slow down a bit and our spending slows down as well
In old age, medical expenses can cause spending to spike.