Retirement Starts Today Radio

Why Save If You’re Not Going To Spend? Ep #182

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Sinopsis

How long have you been saving for retirement? Are you hesitant to break into your retirement funds and start living it up once you retire?  This week I share two Retirement Headlines articles. The first is called Right-Sizing Retirement and it comes from the Financial Planning Association. In this article, the authors pose an important question: why save for retirement if you're not going to spend it? We’ll also check out another article from Wharton Magazine entitled The Economics of Living to 100. Is your retirement plan ready for you to live until 100? Listen to this episode to understand how you can best combat the uncertainty that retirement brings. Outline of This Episode [1:42] Right-sizing retirement [6:28] Combat uncertainty with contingency planning [7:22] What if you live until 100? [11:50] There is a need for longevity income [13:39] What is your plan B? Why are Americans underspending in their first 10 years of retirement? David Blanchett and Warren Cormier recently wrote an article for the Fin