As people head into retirement, most start to dream about the exciting years ahead then try to put it into a financial plan. But they don't know what pattern of spending to base their plan on.
Its an important issue, very clear that retirement planning needs a holistic approach to both finances and lifestyle. Makes sense when you consider longer life spans and how much life and spending habits will change over a 25 -30 year period.
However, not sure financial planners have gotten that message yet. Based on my recent experience with one, taking a templated approach to retirement planning is pretty useless unless you just want the basics at not insignificant cost.
Its an important issue, very clear that retirement planning needs a holistic approach to both finances and lifestyle. Makes sense when you consider longer life spans and how much life and spending habits will change over a 25 -30 year period.
However, not sure financial planners have gotten that message yet. Based on my recent experience with one, taking a templated approach to retirement planning is pretty useless unless you just want the basics at not insignificant cost.