Overcoming Frugality in Retirement with Dan Crosby
Retirement Answer Man
Determining Retirement Base Spending
This chapter emphasizes the importance of breaking down retirement expenses into essential needs and discretionary wants, such as healthcare and travel, to create a detailed spending plan. It stresses the significance of working with a retirement planning advisor to avoid generic heuristics and adapt plans as desires change over time. The discussion also highlights the complexities individuals face in retirement planning, emphasizing that personal financial challenges persist regardless of wealth.
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