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What Is A Comfortable Lifestyle In Retirement?

According to the 2022 Schroders US Retirement Survey, 22% of people approaching retirement say they’ll have enough money to maintain a comfortable standard of ....

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Many affluent retirees reluctant to draw down savings

Many affluent retirees reluctant to draw down savings
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
April 19, 2021
3
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While most working Americans worry about not having saved enough for retirement, many of financial advisers’ retired clients are reluctant to spend their accumulated savings. That has prompted some leading retirement income experts to question whether advisers should rethink their assumptions about spending when creating financial plans.
A new study from the Employee Benefit Research Institute finds great diversity in the way people live in retirement based on their financial status, retirement goals, demographics and spending habits. Following a survey of 2,000 retired households between ages 62 and 75 with less than $1 million in assets conducted in September, EBRI identified five retirement profiles: Ave ....

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