Shifting Gears From Saving to Spending in Retirement
From the Kiplinger Magazine website
Retirement is often described as the “decumulation” phase—a period when retirees are steadily spending down their assets. But many retirees are not only leaving their nest eggs intact but also squirreling away a big chunk of their income—accumulating assets as they move through retirement, recent studies show.
It’s not just the wealthiest retirees who fall into this category. Retired households with at least $100,000 in financial assets save 31% of their income, on average, according to a recent study by fund giant Vanguard. About one-third of Americans 65 and older took no retirement income from their nest eggs during the past five years, according to a 2015 survey by financial-research firm Hearts & Wallets.
Retiree News 
Comments are closed.