In this week's retirement research, we break down "Retirees Spend Lifetime Income, Not Savings" by David Blanchett and Michael S. Finke. "Retirees Spend Lifetime Income, Not Savings" Abstract ...

The U.S. Bureau of Labor Statistics reports the average U.S. household shelled out $6,440 per month on living expenses in 2023, or $77,280 per year. That's most of the average household income of ...

A New Study by Retirement Income Institute Fellows David Blanchett and Michael Finke Finds Retirees Spend More with Lifetime Income WASHINGTON, April 8, 2025 /PRNewswire/ -- Even if they can ...

Here's how much the average retiree needs to live independently. Retirees need quite a bit of income just to meet their basic needs. Whether you rent or own your home, you'll have housing expenses.

Assess spending rate. People who have just retired or are about to do so are vulnerable to sequence-of-returns risk, which means that a bad market shows up early in retirement.

With retirement income products increasing in popularity, plan fiduciaries must select appropriate options to offer to workers from a growing array of solutions. ... TIAA and Nuveen’s target-date ...

Income annuities offer a different route to retirement security. Instead of building the value of your savings, they provide a guaranteed monthly income which can be for life (the most popular option) ...

Assess Spending Rate. People who have just retired or are about to do so are particularly vulnerable to what retirement researchers call sequence-of-returns risk, which means that a bad market ...

A new white paper identifies when a VA with lifetime income benefits can offer the greatest relative value to a retiree. ... Annuities support a higher level of spending in retirement, he said.

The U.S. Bureau of Labor Statistics reports the average U.S. household shelled out $6,440 per month on living expenses in 2023, or $77,280 per year.