Thursday, July 4, 2013

Marketwatch, July 2, 2013

3 reasons retirees don’t spend
Adam Wolf

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.