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Spending Trends Boost Safe Withdrawal Rate for Retirees

Financial planning expert Michael Kitces says a growing base of research shows that real spending declines throughout retirement, which could support a modest increase to the 4% safe withdrawal rate.

Michael Kitces is a partner and the director of wealth management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of the continuing education blog for financial planners, Nerd's Eye View. You can follow him on Twitter at @MichaelKitces.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. How does spending change over retirees' life cycles, and what are the implications for safe withdrawal rates? Joining me to discuss that topic is financial planning expert Michael Kitces.

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