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Podcast: Trust the Plan Podcast with Nick Hopwood, CFPĀ® and Jim Pilat, CFPĀ®
Episode: EP 275: From Paychecks to Payouts: Retirement Spending Trends
Description: Nick Hopwood and Jim Pilat of Peak Wealth, on their Trust the Plan podcast, recently discussed a Chase Bank data report examining spending patterns in partially and fully retired households with $250,000 to $750,000 in investable wealth. They observed that spending often increases shortly after retirement, driven by lifestyle changes and long-postponed purchases. Over time, however, that spending naturally begins to taper as routines settle and priorities shift. Their discussion emphasized the need for thoughtful retirement planning that accounts for these evolving spending habits.
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI...