Similar concept; spending is higher in the early years of retirement, then it tapers off. And then it either gets real low in the no go years from minimal discretionary spending, or it ramps up again from increased health care costs (resulting in the “smile”)
great episode. lots of great advise from Lauren.
Thanks Andy, I follow all of your content and appreciate how you help all of us.
Best episode yet, thank you for the insights
Great discussion! Thank you, Lauren and Andy!
You talked about the retirement smile, but have you heard of the GO GO years, GO SLOW years and the NO GO years?
Similar concept; spending is higher in the early years of retirement, then it tapers off. And then it either gets real low in the no go years from minimal discretionary spending, or it ramps up again from increased health care costs (resulting in the “smile”)
Stephen R. Covey's 7 habits of highly successful people: Begin with the end in mind. (re: Lauren's approach to "working backwards")