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

Analysis June 28, 2024 at 03:46 PM
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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.

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