How You Can Avoid Underspending in Retirement
A lot of retirees worry about outliving their money. And rightfully so! But that can also lead to underspending in retirement. Or, not spending as much as you can afford to.
You spent your whole life working, and saving money. Now it's time to retire, and you have to transition to living off of your savings. How much should you pull each month? How long is that sustainable for? And, what if, you want to spend more now, and then rachet it down later in life?
Retirement planning is a balance between enjoying yourself as much as possible without sacrificing your long-term comfort.
In this week's video, Casey talks about what folks can do to avoid underspending in retirement.
Learn more about Mullooly Asset Management's Retirement Planning process here:
https://mullooly.net/services/retirem...
For more on this topic:
https://mullooly.net/moving-from-save...
https://www.morningstar.com/personal-...
https://mrdrc.isr.umich.edu/publicati...
#retirement #retirementplanning #socialsecurity #financialplanning
0:25 - Retirement spending
0:57 - Retirement income sources
1:55 - Retirement planning factors
2:29 - Portfolio distributions
3:00 - Saver to spender
3:45 - How to not underspend
Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments. We act in a fiduciary capacity with our clients at all times.
Our family of investments advisors (Tom, and his three sons - Brendan, Tim and Casey) are all CFP® Professionals.
To our knowledge, WE ARE THE ONLY FAMILY firm - in the nation - with four fiduciary, fee-only investment advisors who all have earned CERTIFIED FINANCIAL PLANNER™ certification.
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1971 State Route 34
Wall Township, New Jersey 07719
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This video is not a recommendation to buy or sell any of the investments mentioned. None of the securities mentioned in this video represent past specific recommendations of Mullooly Asset Management.
We rely on fundamental and technical analysis. Neither fundamental or technical analysis can predict the future, both methods have flaws. Past performance is no guarantee of future outcomes. Any Point & Figure charts used have been provided by our good friends at Dorsey Wright & Associates
