Some sort of combination of these approaches and practices is probably what people will do. A little bit of a reduction to spending, maybe pulling some cash from the buffer, so that you onestly take the full amount of spending from the buffer but you do create some relief. And then with the second part of that question, about delay and retirement, that's always the best way to get a retirement plan on track, is to delay retirement when feasible right?
#271: Dr. Wade Pfau, one of the foremost experts in the academic field of retirement planning, joins us to talk about how the events of 2020 might impact your retirement plans. If you’re wondering if you need to change your investing strategy, Wade’s recommendations may fascinate you.
Watch out! These are NOT the recommendations you’re expecting from a typical financial independence retire early show. Prepare to be caught off-guard by what he says.
For more information, visit the show notes at https://affordanything.com/episode271
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