May 24, 2021 - How Dabur is upping its ayurvedic game

From the Editor's Desk

Here's Why So Many People Intend to Die With Money in the Bank

There's a school of thought that you should spend down all your assets in retirement and "bounce the check to the undertaker," as Michael Bloomberg, founder and majority owner of Bloomberg LP, our publisher, likes to say. But not many Americans subscribe to that school of thought. A fascinating survey from the Employee Benefit Research Institute explores how people feel about spending in retirement. It doesn't fit with finance theory. "There's just something we're not getting quite right in understanding how people navigate retirement," Lori Lucas, the president and chief executive officer of EBRI, said March 24 in announcing the results.

Only 14.1% of respondents think they'll spend down all their assets. 57% plan to grow their assets in retirement, leave them untouched, or spend down only a little.

Continued here

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