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Fin Planning Aug 2016 - "How to Manage Spending in Retirement"

Fin Planning Aug 2016 - "How to Manage Spending in Retirement"

Fin Planning Aug 2016 - "How to Manage Spending in Retirement"

Excerpt


How to Manage Spending in Retirement



One of the most difficult things to do is plan for the unknown. This holds true for retirement income planning. You don’t know how much income you’ll need once you stop earning a paycheck; you don’t know how long you’ll need it; you don’t know how many people you might need to provide for (such as adult children returning home…with grandchildren); and you don’t know how much to plan for in terms of medical expenses and/or long-term care. Even if you do make reasonable estimates, you’re planning for a moving target that can change at any time.


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