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March 16, 2026

We need to talk about your retirement ‘spending'

  • Big inheritances can be a sign of underconsumption and suboptimal planning.
    • By CHRISTINE BENZ
    Morningstar

    Benz

    I spend a lot of time talking to retirees about their spending plans. Many of them proudly tell me that they're spending far less than the 3%-4% initial withdrawal amounts that are often bandied about in the context of safe spending rates. They tell me they've been good savers, they're frugal, they don't need more. Underspending seems to be part of their identities.


     
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