Go offline with the Player FM app!
Spending Drops in Retirement, but Satisfaction Doesn't
Manage episode 495609353 series 1232333
New research from David Blanchett, head of retirement research at PGIM, challenges one of the biggest assumptions in retirement planning: that happiness in retirement depends on maintaining a constant—or even increasing—level of spending.
⬇️ Upon entering retirement, households experience a median consumption decline of about 20%.
This drop is often viewed as a red flag in traditional financial planning models.
However, Blanchett argues that this decline is not necessarily problematic, especially when you look at how financial well-being changes over time.
☎️ Then on our listener question, we hear from a 34-year-old investor who’s been all-in on stocks since taking Dave Ramsey’s advice early in their career. Now, they’re wondering how and when to start easing into a more balanced portfolio with bonds.
We’ll talk strategy, psychology, and sprinkle in some data on market highs that might surprise you.
Resource:
Article by John Manganaro from ThinkAdvisor: Spending Drops in Retirement, but Satisfaction Doesn't: Blanchett
Connect with Benjamin Brandt
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
394 episodes
Manage episode 495609353 series 1232333
New research from David Blanchett, head of retirement research at PGIM, challenges one of the biggest assumptions in retirement planning: that happiness in retirement depends on maintaining a constant—or even increasing—level of spending.
⬇️ Upon entering retirement, households experience a median consumption decline of about 20%.
This drop is often viewed as a red flag in traditional financial planning models.
However, Blanchett argues that this decline is not necessarily problematic, especially when you look at how financial well-being changes over time.
☎️ Then on our listener question, we hear from a 34-year-old investor who’s been all-in on stocks since taking Dave Ramsey’s advice early in their career. Now, they’re wondering how and when to start easing into a more balanced portfolio with bonds.
We’ll talk strategy, psychology, and sprinkle in some data on market highs that might surprise you.
Resource:
Article by John Manganaro from ThinkAdvisor: Spending Drops in Retirement, but Satisfaction Doesn't: Blanchett
Connect with Benjamin Brandt
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
394 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.