Retirees don’t spend money like they think they will

Retirees don't spend money like they think they will

New research suggests retirement plans may be missing a key behaviour in retirement fund spending How much do you need to retire with the lifestyle you want?

It’s a simple question asked by financial advisors’ clients every day but the answer you get probably overlooks a key factor of retired living according to a new white paper.

Global investment manager T. Rowe Price has analyzed retiree spending habits and found that spending decreases annually by 2%. Although, perhaps not in the past year with many retirees supporting their families through the pandemic.The interesting factor of the decrease in annual spending is […]

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