With current life expectancies, a typical retiree could be in retirement for 20 to 30 years. They have fully monetized their capital and need your advice on how to draw down their assets, how to use their home equity during retirement, and how to navigate the many challenges of being on a fixed income. Yet, financial planning usually takes a person to the point of retirement and no further. A handshake and pat on the back as they ride off into their “golden years” is not enough.
On this episode of Elementality, Reese interviews Blain Pearson PhD., CFP®, from the Department of Personal Financial Planning at Kansas State University to discuss Blain’s research on retirement satisfaction and why using home equity might be needed during retirement.