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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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