3 reasons retirees don’t spend
In my March, 2010 article describing the actuarial process set forth
in this website, I discussed several risks associated
with not sufficiently annuitizing accumulated retirement savings. I
talked about withdrawal strategy risk-- the risk of
either withdrawing too much or too little each year. Most experts
focus on the risk of withdrawing too much, but in this article, Mr.
Wolf focuses on the risk of withdrawing too little.
I agree with Mr. Wolf that, "Knowing your options can help you enjoy
the retirement you saved so hard to provide for." And knowing the
options of How Much Can I Afford To Spend In Retirement is what
this website is all about.