Retirement savings: The long game
Financial Planning
The leading resource of news, data and analysis for the wealth management industry.
Spending money prudently can be as difficult as saving it diligently. That's why one of the big questions in the wealth management space is how retirees can make their long-term nest eggs last anywhere from 15 to 30 years — sometimes even longer.
Even for affluent investors, it’s a surprisingly complex task. Taxes, required minimum withdrawals and Roth accounts intersect with shifting market and economic conditions. Layer in the cognitive biases we all have about what we want and what works,?and a solution is not always easy.
Join us for INVEST 2023, Financial Planning’s hands-on wealthtech conference. Click here for more info.
The guidance for finding the right drawdown formula can be as varied as tips for a healthy diet (Eat lots of small meals every day! Intermittent fasting! Avoid FODMAPs!)
What’s clear is that the right answer won’t be the same for every client.
Read more: 5 strategies to make retirement savings last
In other news: