Managing Retirement Spending With Better Withdrawal Decisions
Guide your clients beyond simple withdrawal rules to help them maximize their wealth
Shifting from saving to spending is hard for many retirees. We surveyed hundreds of wealthy retirees and found that half rely on simple, hands-off withdrawal rules, such as taking required minimum distributions or living off dividends. While these methods feel safe and take little effort, they often cause people to underspend their hard-earned savings.
Fear and financial literacy gaps alone don’t account for this overly cautious spending. Our research suggests that retirees often lack the motivation to consider more tailored, effective withdrawal strategies simply because their basic needs appear covered. As an advisor, you can empower your clients to set new, meaningful goals in retirement—download the research to learn more.
