According to a recent article in the Journal of Financial Planning, which looked at spending patterns of retiree households, the publication found that over a twenty-five year period from ages 60 to 85, the actual annual changes in retirement spending trace a “retirement smile.”...
So Let it be Written, So Let it be Done
What Ageing Means to Retirement Savers
According to Social Security Administration data, Americans have steadily lived longer and longer lives. The chart below shows how many more years, on average, a 65-year-old American has lived since 1900, as well as the expectations that this trend will continue to the end of the current century....
The Million Dollar Question
“If I had a million dollars, I’d be rich!” or so the lyric from the Barenaked Ladies song proclaims. But a $1 million is not the sum it used to be. A new report from GOBankingRates measures how long a million dollars would last for retirees 65 and older, state by state. It did this by multiplying the Bureau of Labor Statistics’ mean annual expenditures for that age group by a cost-of-living measure for each state...