What's your spending strategy in retirement? Are you (or will you be) extra frugal, concerned about maintaining a steady, or even a rising, account balance in your portfolio? Or do you have more than you need, with several sources of guaranteed income and/or enough socked away that you'll never outspend your projected lifespan?
When asked why people spend the way they do once they've retired, the answers always vary widely. Depending on where they are, where they've been, and what their goals are, the reasons behind people's spending are most often very personal in nature.
In this week's episode of Managing Your Financial Future, host and moderator Johnny Dean discusses this all-encompassing topic with "Professor" Rick Plum, CFP®. If you wish you'd saved more, or if you fear running out of money, you will not want to miss today's podcast!
