Over the next decade, the majority of the 79 million Americans girding for retirement will begin to withdraw from their savings. This group is more likely to live longer, control their investment decisions, and be more active than any generation in history. These facts lead to the conclusion that setting up retirement spending plans is likely to become a service demanded of every financial advisor.The number of variables complicates the task.
The length of time is a moving target. Expenses could spike dramatically in some years due to highly probable medical events. Rates of investment returns and the rate of inflation might be predictable on average, but vary greatly from year to year.
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