One would think that those who’ve recently retired would be cautious in spending for the first few years after leaving their careers. However, a recent article by CNN Money suggests otherwise.
“Spending rose for more than half of taxpayers during the first three years after claiming Social Security, according to a report based on tax data and analyzed by economists at the Investment Company Institute and the IRS.”
The article explains why this happens, and how to safeguard yourself from spending too loosely during the transitional period.
To read the full article, visit CNN Money here.
Leave a Reply
You must be logged in to post a comment.