Josh Scandlen Podcast

Everything you have heard about retirement planning is WRONG!   This white paper from United Income, using data from CDC, BLS, University of Michigan, and many other areas, is a must read.  Retirees are living longer, are healthier and wealthier than ever before.  But here's the critical thing is that retirees on average spend 2% less each year in retirement than the year before.   From the article: The average retiree cuts their spending by about 2 percent every year throughout their retirement. The biggest drop over time is spending on lifestyle expenses, like travel, apparel and entertainment; but, essential spending on transportation and housing falls too, as retirees pay off their mortgages and rely more on friends and family for getting around town as they age. Healthcare is one of the only expenses that tends to increase through retirement, although it tends to increase incrementally for nearly all retirees.  Now, what are we typically told? We aren't' saving enough. Why? &