Spending
Showing 50 results of 117
How do you live on a cash basis in today's world?
Sep 18 2024
I'm a few months into retirement, my wife is still working till next June. One of the things we're trying to do--and were starting before I retired--is transitioning our spending on routine items away...
reddit.com
Cap on Retirees’ Part D Spending May Push Up Premiums
Aug 22 2024
2025 will be a banner year for retirees. In January, a hard $2,000 cap on how much they spend out of their own pockets for medications kicks in. Retirees should welcome the new, much lower spending li...
crr.bc.edu
How Guaranteed Lifetime Income Increases Retiree Spending
Aug 16 2024
When retirees have more guaranteed lifetime income, they spend significantly more than those with a lot of investments....
forbes.com
Busting the 4% Rule Myth
Aug 15 2024
Derek Tharp explains how risk-based guardrails can provide a better retirement spending plan than the 4 percent rule would allow....
keilfp.com
What is your spending ratio in retirement?
Aug 13 2024
The 50/30/20 ratio for working folks is widely available but I haven't found anything comparable for retirees. Is there some ratio recommendation for those retired? In our case (couple) we are spendin...
reddit.com
Are You Fighting With Your Aging Parent Over Money?
Aug 08 2024
Taking legal control away from an impaired elder's access to free spending can make them mad. But the risk of their anger is worth it. Family can stop financial abuse....
forbes.com
Jonathan Clements, Longtime Personal Finance Columnist, Has Cancer
Jul 13 2024
Jonathan Clements, a longtime personal finance columnist for The Wall Street Journal, has a lot of savings. He’s not mad that a fatal illness will keep him from spending it....
nytimes.com
3 Ways to Reduce Spending on Phone Number Location Tracking Services
Jul 08 2024
We get it - not everyone wants to spend much money on phone number location services. Or maybe you'd just want to track a number once and not be bothered by a whole year subscription. So, here come so...
thinksaveretire.com
8 Ways to Reduce Spending on Phone Number Location Tracking Services
Jul 06 2024
We get it - not everyone wants to spend much money on phone number location services. Or maybe you'd just want to track a number once and not be bothered by a whole year subscription. So, here come so...
thinksaveretire.com
Shifting from a savings mindset to a spending mindset
Jul 06 2024
Hey all, I am retiring in 84 days (not that I'm keeping track) I have been accumulating for a long time. I am thinking its going to be a struggle to no longer be saving the same way and having to spen...
reddit.com
Ask a Financial Pro: Inflation Seems to Be Eating Away at My Future Spending Power. How Do I Plan for Inflation in Retirement?
Jul 03 2024
The key to beating inflation in retirement is to account for it and incorporate it into your plan....
money.usnews.com
Could You Be Spending More in Retirement? Ep #219
Jul 02 2024
What if you had a magic app that told you how much of your net worth you never got to spend at the end of your retirement? The trouble with planning for retirement is all the uncertainty, however, pro...
financialsymmetry.libsyn.com
Third Quarter Finance Tips to Turn Things Around
Jun 25 2024
In mid-2024, Americans are still facing high inflation and high interest rates. And they are saving less and spending less. According to data from the Commerce Department, “The personal saving r...
401kmaneuver.com
A Vacation Spending Guide: The True Cost Is More Than You Think
Jun 11 2024
Wondering how much to spend on vacation while being fiscally responsible and still having a good time? In this post, I offer a vacation spending guide to help you manage your spending responsibly with...
financialsamurai.com
Spaving: Can Spending More Actually Save You More?
Jun 10 2024
I recently discovered a buzzword called “spaving,” which combines spending and saving. It sounds odd – spending money to save ... Read more...
physicianonfire.com
Do you limit how far you'll fly? Or break up trips into shorter segments?
Jun 06 2024
We're looking at going to New Zealand and Australia, then cruising to Hawaii, then coming back home to Boston. When we went to Hawaii our first time, we broke it up by spending a couple of days in Cal...
reddit.com
Budgeting and tracking processes
May 30 2024
Interested to know how you track spending v your budget. We are semi-retired w a variable income that we do not figure into our income so taking withdrawals down savings and not tapping SS until 70 pe...
reddit.com
Are You Spending Too Little in Retirement?
May 24 2024
Navigating the risks to retirement, maintaining security and transforming your spending strategy from a “save-only” mindset in order to enjoy your retirement. Today, we’re tackling a...
keilfp.com
Phase of Life Spending
May 19 2024
[Editor's Note: For those who want to inspire the WCI community and teach the knowledge they’ve gained in the financial and/or wellness spaces, we are officially calling for WCICON25 speakers. W...
whitecoatinvestor.com
Model Big Financial Decisions with MaxiFi Software
May 07 2024
I use the free Fidelity retirement planning tool to keep an eye on our current investments relative to our spending. Using that tool revealed two fundamental drivers of financial success in retirement...
thefinancebuff.com
Spending my retirement doing everything I wanted to do. One big item complete.
Apr 27 2024
So I have been retired for about 3 years now and my goal was to try new things and to keep myself active and sharp by leaning new skills. When people ask me what my hobby is I tell them I am a skill c...
reddit.com
How the Wealthy Spend Money Differently from Everyone Else
Apr 26 2024
In a world where financial habits vary widely, the spending behaviors of the wealthy stand out as particularly intriguing. While everyone must manage their finances, the affluent often exhibit distinc...
newretirement.com
9 Ways to Overcome the Terror of Spending Your Retirement Savings
Apr 19 2024
Terror about retirement spending is not uncommon. In fact, most people are worried about spending their nest egg and running out of money. After all, you have been conditioned for decades to earn, not...
newretirement.com
What Happens Financially When You Work One More Year?
Apr 14 2024
The impact of saving more, spending less later and benefiting from an extra year or more of compounding can be truly staggering....
kiplinger.com
Going from extreme saving mindset to spending for a good life
Apr 10 2024
I retired literally on the day before the US stock and bond markets began to tank in 2022. So starting my retirement while watching the value of my portfolio go down and down and down while inflation ...
reddit.com
What Percentage Drop in Your Assets Might Trigger a Reduction in Your Discretionary Spending?
Apr 02 2024
Nice to see two more recent articles in the retirement income press discussing the advantages of dynamic retirement approaches like ours that use guardrails to adjust spending in retirement. These two...
howmuchcaniaffordtospendinretirement.blogspot.com
Does Your Retirement Plan Have Spending Guardrails?
Mar 25 2024
Ongoing planning in retirement involves periodically assessing whether spending may be increased or must be decreased to remain on track. In his recent Kitces.com article, How Communicating Guardrails...
howmuchcaniaffordtospendinretirement.blogspot.com
3 Ways to Feel Comfortable with Retirement Spending
Mar 16 2024
Like many of us, you have been working and saving for decades for just this moment: retirement. Even though you ... Read more...
physicianonfire.com
What retirement calculator for spending down do you use, and why?
Mar 12 2024
Over on the wiki for this sub there are no less than 33 retirement calculators. Many are used in the FI community to figure out what their 'number' is, not so many are designed to figure out a few har...
reddit.com
Average Retirement Spending: Will You Spend More or Less Once You Retire and How Does that Compare to Other Retirees?
Mar 08 2024
Do you actually know how much you spend every day now? What about every week? Throughout your life, you have probably at least looked backward to assess how much you have spent, even if it is just a r...
newretirement.com
Listener Q&A: Lifetime Tax Savings, Social Security Scenarios, Retirement Spending
Feb 28 2024
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for more answers to listener questions about...
keilfp.com
Protecting Yourself from Fraud, Theft, and Scams (Part 1)
Jan 23 2024
Last month, I published a guest post from David Champion about the benefits he’s derived from gamifying his retirement spending. A discussion developed in the comments related to the challenge o...
caniretireyet.com
The Benefits of Gamifying Retirement Spending
Dec 12 2023
Today’s guest post is from David, a long time blog reader. He retired early at age 52. In the five years since, he has lived exclusively off of his investments while leading an adventurous lifes...
caniretireyet.com
Your Year End Retirement Checklist: Put 2023 Behind You and Prepare for a Great 2024 and Beyond
Dec 08 2023
Yep. It is time to make a list and check it twice. But this checklist doesn’t having anything to do with gift giving and spending money. This is your year-end financial planning list: 25 things ...
newretirement.com
Retirement Spending and Timing Your Mortgage Payoff - 458
Dec 05 2023
Should Brian in Binghamton, New York pay off his mortgage for a guaranteed 6% return? How bad did Steve in Pittsburgh screw up his retirement, and can he afford to buy a new house away from his a-hole...
purefinancial.com
A Recipe for Financial Success: It’s as Easy as Pumpkin Pie
Nov 16 2023
While it can be, financial success doesn’t have to be the equivalent of a fancy French pastry: millions in savings, lavish spending, complicated investment schemes, and expensive guidance. The k...
newretirement.com
Confidently Boost Your Spending in Retirement with the Actuarial Approach
Nov 12 2023
As discussed many times in this website, the Actuarial Approach employs a model and a process that involves systematic comparison of household assets and liabilities and tracking of the resulting hous...
howmuchcaniaffordtospendinretirement.blogspot.com
Bucketing by Expense Type with the Actuarial Approach
Nov 05 2023
Many financial advisors employ time segmentation buckets (sometimes simply referred to as “bucketing”) to help their clients fund their desired retirement spending. This usually involves t...
howmuchcaniaffordtospendinretirement.blogspot.com
Update on Pre-Retirement Senioritis- 15 months to go!
Oct 31 2023
Just over 3 months ago, I made a post called Pre-Retirement Senioritis, and I felt pretty badly about not getting certain tasks done, spending large chunks of my day planning for retirement. Many of y...
reddit.com
Did your annual spending increase in retirement?
Oct 30 2023
I just read at article that cited a T Rowe Price survey which found that half of those surveyed reported that their annual spending increased by up to 25% after retiring. This was surprising because c...
reddit.com
The Surprisingly Hardest Part of Retirement
Oct 30 2023
For countless retirees, the greatest challenge isn't saving money, but spending it. After years of diligent saving, the transition to drawing down those hard-earned funds can be fraught with anxiety a...
sites.libsyn.com
The New York Times Greedy Geezer Myth
Oct 28 2023
The intergenerational-conflict myth is weaponized to cut Social Security and Medicare and make people work longer. The intergenerational – conflict myth intones that politicians who cut spending...
forbes.com
Wisdom for Our Children - Spending, Saving, and Investing
Oct 26 2023
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children s...
rogerwhitney.libsyn.com
Spending guidelines/buckets in retirement
Oct 24 2023
During the working and saving years, there are various rules of thumb about how to apportion earned income. For example, there is a 50/30/20 rule that breaks things up into percentages of Needs, Wants...
reddit.com
Happiness Series Part 2: Five Big-Ass Spending Experiments
Oct 23 2023
This is Part 2 of a 3 part post. If you missed part 1 last week, check it out here. Can money buy happiness? It’s a great question! And it’s complicated… Investing Versus Spending I...
1500days.com
The 4% rule for retirement spending is now the 4.7% rule
Oct 20 2023
3 steps to getting a solid handle on your retirement savings in this shaky market....
marketwatch.com
Retirement confidence keeps falling as political instability rises
Oct 12 2023
As Congress battles over spending and House leadership, retirement advisors are losing faith in the U.S. economy....
financial-planning.com
8 Legit Ways to Get Paid to Play Games Online
Oct 09 2023
Playing games is one of the many ways to make money online. While it isn’t necessarily the most profitable, if you’re already spending time going ham on bingo or honing in on your Tetris s...
thinksaveretire.com
Budgeting Time: You Probably Know Your Net Worth but How Are You Measuring Your Time?
Oct 05 2023
At NewRetirement we talk a lot about spending and saving money. But, arguably the most important currency in life is time. If you are reading this blog, you probably subscribe to the idea that some de...
newretirement.com
Surprise: Medicare Spending Far Less Than Expected
Sep 08 2023
Sept. 8, 2023 — The number of people using Medicare has grown steadily as baby boomers become eligible. But defying predictions, spending per Medicare recipient has levelled off, which brings un...
topretirements.com
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