Interesting article from 2016 by Michael Kitches on his Kitches website. Intuitively, as most of us save to fund the rest of our lives which could be far into the future, it makes sense that we would likely not spend it all. While some of the market conditions, including inflation have changed quite a bit since 2016, the reference to inflation impacts and retiree spending assumptions are still timely.
- RetirementGoat
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