The Income Strategy That Gives Retirees a 'License to Spend': Blanchett, Finke

What You Need To Know

• At the heart of the analysis is the fundamental tradeoff that unknown longevity presents.
• The mental transition to decumulation means that retirees without guarantees can significantly underspend.
• Additional research should explore some of the explanations for conserving wealth in retirement, Michael Finke and David Blanchett suggest.