NZSA | New RIIG report: Spending patterns through retirement

New RIIG report: Spending patterns through retirement

Join report author Alison O’Connell and RIIG Convenor Ian Perera to explore the RIIG’s latest report “Spending patterns through retirement: what they mean for retirement planning and drawdown“. This challenges the commonly used assumption that retirees keep spending at the same level in real terms throughout retirement.

Learn about new local evidence and international evidence that RIIG have brought together, and actuarial thinking and analysis which shows that spending tends to decrease in real terms (adjusted for inflation) throughout retirement which means that the amount needed to be saved for retirement could be less than commonly assumed.

Here more about RIIG’s two key recommendations for policymakers:

• That industry and government should review and adjust their assumptions and tools to reflect the typical reduction in spending through retirement.
• That in personal planning for later life, retirees should consider the impact of their own spending reducing in real terms.

Register now to secure your place. This is an important webinar for all of us and highlights some excellent actuarial work!