In retirement planning, a common strategy is to try to determine a level of annual spending such that you can spend at approximately that same level (adjusted for inflation) for the rest of your life, without running out of money. This week, behavioral economist Shlomo Benartzi explains why a constant-spending strategy is not a happiness-maximizing strategy for many people.
- How to Get More Pleasure Out of Retirement Spending from Shlomo Benartzi
- Intuition and Nostalgia: Enemies of Investment Success from Fran Kinniry
- Investing a Lump Sum at an Advanced Age from Jim Dahle
- The Most Important Investment Decision You’ll Ever Make from Bob French
Other Money-Related Articles
- Financial Literacy Effectiveness and Just-In-Time Financial Training from Michael Kitces
- Seniors Are Enjoying More Disability-Free Years from Kimberly Blanton
Thanks for reading!