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- W2904262509 abstract "Some people with high financial well-being are wealthy, but many more are middle class people who earn adequate incomes throughout their working years, save enough, and spend their savings judicially in retirement. Many bear the difficult task of saving enough during their working years and the equally difficult task of spending the right amount in each retirement year. These tasks are difficult, because spending needs and temptations abound during working years, and fear of running out of money haunts us, including many who are wealthy, in retirement. Many people are justifiably concerned about the cost of long-term care, reluctant to accept aid, and adamant about maintaining their dignity. We tackle the tasks of saving and spending with the mental tools of framing, mental accounting, and self-control. People who are fortunate to earn good incomes during their working years accumulate substantial savings." @default.
- W2904262509 created "2018-12-22" @default.
- W2904262509 creator A5029371673 @default.
- W2904262509 date "2018-12-03" @default.
- W2904262509 modified "2023-10-16" @default.
- W2904262509 title "What Is the Right Balance Between Saving and Spending in Retirement?" @default.
- W2904262509 doi "https://doi.org/10.1002/9781119331568.ch8" @default.
- W2904262509 hasPublicationYear "2018" @default.
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