Bracing words from Richard Thaler: 'You have to worry about getting unlucky and living to 100'
Financial experts around the country say Americans need to save hundreds of thousands, if not millions, of dollars for retirement, but much less of that conversation revolves around spending down that money — or stretching it to meet your lifespan and beyond. In some cases, people may even approach the concept of living past their life expectancy as a risk.
But calculating how to spend down assets can be even trickier than figuring out how much to save for retirement, Thaler said during the Brookings event.
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