TITLE

Retirees Find Retirement More Costly than Anticipated…

PUB. DATE
April 2002
SOURCE
Journal of Financial Planning;Apr2002, Vol. 15 Issue 4, p21
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the findings of a study by John Ameriks, Andrew Caplin and John Leahy on retirement spending. First, the authors of the study found that 55 percent of pre-retirees in the U.S. expect a decline in retirement spending and only 8 percent expect an increase. They also found that those who make more in pre-retirement expect their retirement expenditures to decline a smaller percentage relative to pre-retirement expenditures than those who make less. The authors also found that those who spent more than they anticipated tended to have a higher percentage of their portfolio in stocks.
ACCESSION #
6510042

 

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