Michael Kitces underscores retirees economic satisfaction growth with age
@MichaelKitces: Retirement satisfaction growth
Retirement satisfaction appears to increase with age despite spending declines. Research by David Blanchett, a retirement expert, indicates that as retirees grow older, their contentment with their financial conditions tends to rise. He suggests this increased satisfaction could potentially balance the decrease in consumption typically seen as individuals age. The findings provide a nuanced perspective on retirement finances. Kitces highlighted this research in a tweet, bringing attention to the evolving financial dynamics of retirees.
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These findings on retirees' increasing financial satisfaction as they age parallel the observed link between job satisfaction and income among financial professionals discussed in a recent survey of RIA advisors. Additionally, broader industry dynamics such as LPL's advisor-focused branding and its effect on consumer awareness highlight the multifaceted nature of financial well-being, whether in retirement or within the advisor community.
In the previous news, tweet author Michael Kitces discussed financial advising strategies.
