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Take account of how spending varies throughout retirement

“Spending during retirement tends to vary as retirees age, rather than being a matter of steadily drawing down funds, writes Michael Kitces of Pinnacle Advisory Group. A projection of spending based on age banding can show that ‘retirees may not actually need to save as much or accumulate as large of a nest egg to retire in the first place,’ he writes.” Kitces is one of the top resources for retirement planning info; he is up to date on the most recent research and has an analytical mind to slice through to the core of the implications for consumers. Read: “Kitces: A better baseline for retirement planning.” http://www.bankinvestmentconsultant.com/news/kitces-a-better-baseline-for-retirement-planning

Source: Financial Planning for Women