What Path Will You Take in Retirement?
When considering your budget in retirement, there are three general paths people take: those who spend too little; those who spend too much; and those who identify the optimal spend level.
People who spend too little often live in constant fear that they will run out of money. They forego the fun things many of us associate with retirement, like trips to see grandchildren or golf club memberships, but also the little things like a new pair of reading glasses or healthy food at the grocery store.