Peter Coy, of the New York Times, discusses methods and strategies to successfully spend money during retirement. His article begins as follows:
I’ve been asking readers to suggest ideas, and I got this one last week from Jerry Moskowitz of Croton-on-Hudson, N.Y.: “I teach a class for seniors called Keeping Current in Economics and Finance. An interesting subject may be decumulation — how to successfully spend money in retirement.”
Excellent idea, Jerry. Accumulating money for retirement is hard, but decumulating it is tricky, too. Even the experts have trouble saying how to pace your spending so you can enjoy retirement without exhausting your savings before you die. You can’t know for sure how long you’ll live, whether you’ll suffer a costly illness or how markets will perform.
To see full article, click: “How to Enjoy Retirement Without Going Broke”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal