Bar Bulletin

Bar Bulletin

A Chance to Think Big and Act with Conviction

July 2018 Bar Bulletin

By Bridget Burgess

If retirement is beckoning, then you have a tough question to answer: How much can you actually afford to spend in the decades to come? That is very hard to say, and believe it or not, many people — especially high-net-worth individuals and families — end up playing it too safe. In a recent study in the Journal of Financial Planning — “Spending in Retirement: Determining the Consumption Gap” — researchers showed that affluent retirees relying on their portfolios are spending nowhere near the amount that would place them in danger of running out of money. In fact, for these people,...

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