A surprisingly hard part of retirement: Spending what you worked so hard to save
2 years, 2 months ago

A surprisingly hard part of retirement: Spending what you worked so hard to save

CNN  

You’ve been working and saving for decades for just this moment: retirement. For some it’s almost physically painful,” said David John, a senior strategic policy advisor at the AARP Public Policy Institute. “You really need to know ‘What are my assets and spending patterns and how do I harmonize the two?’” John said. Those on the cusp of retirement often “get like deer in the headlights,” said Edmisten, whose clients are primarily between the ages of 58 and 63 and plan to live for a time off their portfolios until Social Security, and Medicare kick in. “The one common feeling I hear most is that my clients say they are overwhelmed with all the choices they need to make to live off their savings in retirement,” he said.

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