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Do people actually spend less as they age? Or is that just wishful thinking? Business Inquiries: [email protected] Well Built Wealth: https://www.wellbuiltwealth.ca/ Links: Planning software we use: Conquest https://www.conquestplanning.com/en-c... Guide to Retirement Home Costs: https://www.comfortlife.ca/retirement... How Retiree Spending Plummets As We Age - https://www.firstlinks.com.au/retiree... https://www.actuaries.digital/2024/04... Fidelity report: https://www.fidelity.com/viewpoints/r... https://www.corebridgefinancial.com/i... https://www.rand.org/news/press/2022/... How Spending Declines with Age, and the Implications for Workplace Pension Plans | C.D. Howe Institute: https://www.cdhowe.org/sites/default/... OSC Life Stages Report: https://www.osc.ca/sites/default/file... StatsCan Shifts in Spending: https://www150.statcan.gc.ca/n1/en/pu... ------------- ------ Intro (0:00) Impact of Retirement Spending Goals (0:46) Go-go, Slow-go, No-go (1:38) Inflation (3:34) Cost of Care (5:21) Spending Stats (7:36) Sidebar: The Turkish Offer (9:12) ------ DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.