Latest / Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
The Retirement Spending Myth: Why the 80% Rule Gets It Wrong
Most retirement plans assume your spending will stay flat, or that you will need about 80 percent of your pre-retirement income.
But retirement does not actually work that way.
In this episode, Tyler Emrick, CFP®, CFA®, explains what the research shows about how retirement spending changes over time and why relying on outdated rules like the 80 percent rule can lead to over-saving and under-living or under-planning altogether.
Drawing on research from David Blanchett’s Retirement Spending Smile, Morningstar data, and EBRI studies, Tyler covers:
Why retirement spending is not a straight line…
The skinny
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