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Planning for Constant Real-Dollar Spending in Retirement -- Is It Setting the Bar Too High? Part 2
Ken Steiner, FSA Retired Link to more items from this source
Aug. 22, 2016
"[A]verage spending appears to decrease consistently during retirement, until individuals become quite old, at which time their expenses (mostly health-related) increase.... The larger the portion of the spending budget that is represented by non-essential expenses (using different rates of assumed increases for essential non-health (ENH) expenses, essential health (EH) expenses and non-essential (NE) expenses), the greater the annual decrease expected in future real-dollar total spending budgets."

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