Year-End Money Tips Part Two
Jill on Money with Jill Schlesinger
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The Importance of Spending Too Much Money Early in Retirement
People often underestimate how much money it takes to be unemployed for 30 years. Spending too much when you first retire cand be devastating to your financial plan. If the market tanks right after you retire and you withdraw a big chunk of money, n the market stays down, there is much less money left over to grow for the remainder of your retirement.
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Transcript
