How do you prepare for retirement? [Christine Benz]
The Examined Life
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Navigating Retirement Spending
This chapter explores the dynamics of spending during retirement, outlining the three distinct phases: go-go, slow-go, and no-go years. It discusses the tendency for retirees to underspend and emphasizes the importance of aligning spending with personal values, particularly regarding travel and intergenerational wealth transfer. Strategies for adapting spending habits as well as the psychological aspects of financial behaviors and family assistance dynamics are also examined.
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