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Spend your savings or leave them behind?

Posted: Saturday, March 16, 2019 10:29 am | Updated: 10:29 am, Sat Mar 16, 2019.

A key financial question for retirees is what to do with their hard-earned retirement savings. For example, some investors may find it more fulfilling to provide a college fund for grandchildren rather than purchase a second home for themselves. The opposite can also be true, and that’s okay.

In my experience working with retirees, I’ve found it’s critically important to identify what each person’s goals are for their nest egg. Do they want to spend down their assets pursuing activities that bring them joy or leave an inheritance to loved ones?

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