Spending in Retirement
Many retirees struggle to spend their savings due to fears of running out of money, often underspending significantly in the first two decades of retirement. Research shows that even those with substantial nest eggs tend to withdraw less than 12% of their portfolio over 20 years. Interestingly, retirees with annuities tend to spend more than those relying solely on investment portfolios, highlighting the psychological barriers to spending that can affect financial well-being.In this clip
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