Investing Blog Roundup: Retiree Satisfaction with Decreasing Spending

Housekeeping note: location will beryllium nary article adjacent week (6/23), arsenic I’ll beryllium taking clip disconnected for a aesculapian procedure.*

It’s communal to perceive astir an impending “retirement crisis” owed to nan humble levels of savings that astir group person arsenic they move into aged age. And indeed, per nan Federal Reserve’s SCF (Survey of Consumer Finances) data, nan median personification property 65-75 has $200,000 successful savings (as of 2022, anyway). In different words, utilizing nan 3-5% status spending rates that group often discuss, nan median retiree is looking astatine status income that could beryllium described arsenic “Social Security, positive respective 1000 dollars per year.”

One caller portion of good news comes from status interrogator David Blanchett. Blanchett examined information from nan Health and Retirement Study (HRS), and recovered that, erstwhile depletion level is held constant, financial well-being increases importantly for older Americans. (In different words, group are apt satisfied pinch decreasing levels of spending arsenic they age.) Similarly, he recovered that financial well-being declines for only astir 7% of households moving successful retirement, contempt nan truth that depletion declines by astir 20%, connected average.

• Retirees: Doing Better pinch Less (pdf) from David Blanchett

Other Recommended Reading

• Not All Stocks Recover Their Losses from Ben Carlson
• Financial Lessons from My Family’s Experience pinch Long-Term Care Insurance from Adam Safdi
• Vanguard Seeks SEC Approval to Launch ETF Share Classes for Active Funds from Emily Graffeo
• 13 Ways to Screw Up Tax-Loss Harvesting from Jim Dahle
• A “Normie” Reflects connected a FIRE Gathering from Christine Benz

Thanks for reading!

*For anybody curious: A2 pulley replacement (finger surgery) arsenic a consequence of a climbing injury.