{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Spending Drops in Retirement, but Satisfaction Doesn't [Rebroadcast]","description":" New research from David Blanchett, head of retirement research at PGIM, challenges one of the biggest assumptions in retirement planning: that happiness in retirement depends on maintaining a constant\u2014or even increasing\u2014level of spending. \u2b07\ufe0f Upon entering retirement, households experience a median consumption decline of about 20%. This drop is often viewed as a red flag in traditional financial planning models. However, Blanchett argues that this decline is not necessarily problematic, especially when you look at how financial well-being changes over time. \u260e\ufe0f Then on our listener question, we hear from a 34-year-old investor who\u2019s been all-in on stocks since taking Dave Ramsey\u2019s advice early in their career. Now, they\u2019re wondering how and when to start easing into a more balanced portfolio with bonds.  We\u2019ll talk strategy, psychology, and sprinkle in some data on market highs that might surprise you. Resource: Article by John Manganaro from ThinkAdvisor: Spending Drops in Retirement, but Satisfaction Doesn't: Blanchett Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http:\/\/retirementstartstodayradio.com Subscribe to the newsletter: https:\/\/retirementstartstodayradio.com\/newsletter Work with Benjamin: https:\/\/retirementstartstoday.com\/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement   ","author_name":"Retirement Starts Today","author_url":"https:\/\/retirementstartstodayradio.com\/","html":"