Michael W. K. Yee, Financial Advisor and Certified Financial Planner | May 8, 2022 | May - June 2022, Wisdoms
Having spent decades saving for retirement, it can feel like a major shift for retirees to spend down their hard-earned assets. Research by the Employee Benefit Research Institute found people with $500,000 or more in savings at retirement spent down less than 12 percent of their assets over 20 years.
Scott A. Makuakane, Counselor at Law, Est8Planning Counsel LLLC | Aug 5, 2020 | August - September 2020, Wisdoms
When I was in elementary school in the 1960s, my family’s set of encyclopedias claimed that I could expect to live to the ripe old age of 70. That seemed incredibly old to me. Fast-forward to 2020, and the current consensus is that I will live into my 80s, barring a catastrophic illness or an accident.
