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The 4 realities of retirement spending that you need to know now

December 17, 2019

From the USA Today website

Any sound financial plan requires that you figure out your retirement expenses in advance, advisers say. But since retirement can now last 30 years, what’s the best way to plan for those decades long costs?

“I think exploring retirement spending at a deeper level, that is beyond just assuming that annual expenses increase annually with inflation, is an important part of a financial plan for a retiree,” says David Blanchett, head of retirement research for Morningstar Investment Management.

New research from the Employee Benefits Research Institute (EBRI) offers some insight into doing that.

Here are four insights you should consider when getting your finances in order before retiring.

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