Latest News
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…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.