FIREd_2015
Recycles dryer sheets
Article in Bloomberg must have interviewed some people on this forum. Time to go out and spend some money.
"...There’s a school of thought that you should spend down all your assets in retirement and “bounce the check to the undertaker,”..."But not many Americans subscribe to that school of thought...only 14.1% of respondents think they’ll spend down all their assets...The most intriguing answer in this second chart is “makes me feel better.” ...saving for its own sake makes no sense because the only purpose of money is to pay for things... It’s undeniable, though, that a lot of Americans are underspending in retirement."
https://www.bloomberg.com/news/arti...y-people-intend-to-die-with-money-in-the-bank
"...There’s a school of thought that you should spend down all your assets in retirement and “bounce the check to the undertaker,”..."But not many Americans subscribe to that school of thought...only 14.1% of respondents think they’ll spend down all their assets...The most intriguing answer in this second chart is “makes me feel better.” ...saving for its own sake makes no sense because the only purpose of money is to pay for things... It’s undeniable, though, that a lot of Americans are underspending in retirement."
https://www.bloomberg.com/news/arti...y-people-intend-to-die-with-money-in-the-bank