Spending retirement assets…or not?
Recent research has turned up something surprising about our most current generation of retirees: The vast majority haven't been spending their retirement savings—leaving nest eggs mostly untouched. However, future retirees may be less fortunate.
The soaring number of Baby Boomers entering retirement is leading to a major shift from saving to spending. While current retirees have sought to maintain retirement spending without significantly drawing down assets, future retirees may not be so lucky due to changes in pension availability, social security and longevity. Learn what plan sponsors can do to help near-retirees with spending so they can enjoy their retirement more fully.
Bruce Wolfe, CFA, Managing Director & Executive Director of the BlackRock Retirement Institute; Robert Brazier, Content Developer & Manager for the BlackRock Retirement Institute