AIER Research Fellow Luke Delorme was featured on Friday in a CNBC.com article on retirement planning. Luke had also received favorable press coverage for his January report on rethinking retirement guidelines, including mentions by The Aspen Institute, Forbes and Bloomberg. His report focused on the โseismic shiftโ that the retirement landscape has undergone, and he suggested that recent retirees with low savings continue to invest their money to grow their nest egg, rather than follow a โsafeโ withdrawal strategy.
On Friday, Delorme was quoted by Kelley Holland in CNBCโs story, โHow to (safely) draw down your retirement savings.โ The story was also featured on Today.com (the Website of The Today Show), The Fiscal Times, as well as Yahoo! Finance.
In the story, Delorme emphasizes that in addition to whatever savings retirees may have collected, almost everybody receives Social Security and many still receive some pension. That consistent stream of money, he said, should affect peoplesโ decisions about what to do with their savings.
Holland wrote: โAt the end of the day, there is no one right answer for all retirees, Delorme said. Everyone’s financial situation is different, and may vary widely from the models experts use to make recommendations. It’s important to have a plan, and not to be swayed by emotional decisions or the market’s ups and downs. But โultimately, you should do what you’re comfortable with,โ he said. And rest assured that the retirement landscape will probably be very different for the people coming after you.โ
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