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Benefits Of A Flexible Retirement Spending Budget

Benefits Of A Flexible Retirement Spending Budget

Often when it comes to planning for our spending needs in retirement we look at the “big” retirement number. That final dollar amount we need in order to live the lifestyle we want when we retire.

But how we actually plan to spend our money during our retirement is important.

If you only plan for a set amount each year, there may not be any flexibility for to take advantage of different options.

In the following panel discussion from MarketWatch, one speaker shares why you might want to consider having some flexibility (or as she calls it “wiggle room”) in planning for your variable spending needs in retirement.

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