Journal to portfolio afterlife

Il recupero prosegue.

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If only one in seven retirees with a portfolio are selling down their assets in a given year, this means that six out of seven with a portfolio aren’t selling down their assets. But, why? Why save and invest all that money only to not spend it later? This is known as the “retirement savings puzzle” and it has been studied by researchers for the past few decades.
This suggests that, for most retirees, spending money in retirement isn’t a financial issue, but a psychological one. It’s not about having the money, but convincing yourself to use it.

 

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