March Newsletter

By the numbers: Spending during retirement

Planning for retirement can be stressful, with a number of unpredictable costs in the mix. In fact, a 2018 survey from TD Ameritrade found that 3 out of 5 Americans do not know how much they will
need to save to fund their lifestyles beyond age 65.

While spending during retirement can vary widely depending on health and location factors, it is important to project what your costs may be during retirement sooner rather than later. Consider this
breakdown of average monthly spending by retirement-age U.S. households from the Bureau of Labor Statistics a good place to start.

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