NEW RESEARCH: Your Plan Is Overestimating Retirement Costs (by 20%)
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Most retirement plans assume your spending will rise with inflation every year for the rest of your life.
But a new study tracking thousands of American retirees found almost the exact opposite:
As many as 85% of households spent less, after adjusting for inflation, than they had 10 years earlier.
Even more surprising? That includes retirees who could comfortably afford to maintain their lifestyle!
In this episode, I'm breaking down what this new research means for your retirement plan.
You'll learn:
→ Why retirement spending declines even as healthcare costs keep climbing
→ What the "retirement spending smile" and "smirk" reveal about spending later in life
→ Why even wealthy retirees continue cutting back as they age
→ How modeling spending the way retirees actually behave can meaningfully change your safe withdrawal rate
If your plan is overestimating the cost of retirement, it's likely underestimating the life you can afford... especially in the early years, when the money delivers the most joy.
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Episode Resources:
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