Why You Might Need Less Retirement Income Than You Think
Wednesday, February 15, 2012 - 6:18 AM
Are you planning for your expenses to go down as you age in retirement? This Forbes article has an interesting review of a research study:
The research, based on surveys tracking the actual spending of the same 5,000 older households from 2001 through 2007, shows that median household spending declines steadily and dramatically as folks age.
Ken Tumin5,417 posts since Nov 29, 2009 Rep Points: 122,954