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Retirement consumption gap is not an ideal way to handle your finances
According to the recent paper by the Retirement Research Center at the Defined Contribution Institutional Investment Association, “households, at least in early retirement, attempt to ‘right-size’ their spending to better align with available resources as they come to see the reality of expenses in retirement.” This “retirement consumption gap” is not an ideal way to handle your finances and may cause individuals to miss out on fun retirement activities. Taylor Tepper, a Forbes Advisor Staff, interviewed one of the paper’s co-contributors about the study and what we can do to make the most of our retirement savings, whether large or small. Read his interview here…