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Planning for retirement? Great Kitces article

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  • Planning for retirement? Great Kitces article

    The reason I think this is such a good article is that it examines retirement spending from a different perspective. Rather than trying to plan for specific goals (which the "end of history" illusion makes difficult, if not impossible), Kitces examines spending from an age-based model, which recent studies show may be a lot more accurate. In our weekly meeting just yesterday, we were talking about the difficulty we have with getting clients to articulate long-term goals and how to improve our methods. We will be exploring this topic as a possible solution to this issue. The one difficulty I see, however, is for early retirees and how their spending will change in their 50s and even 40s. Territory to be explored on a case-by-case basis for now, but more to come, I hope.

    PhysicianOnFIRE, this should interest you and your FIRE followers.

    Using Age Banding to Estimate How Much Spending Will Decline in Retirement
    Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087