There's a theory that spending in retirement goes from "Go-Go" years to "Slow-Go" years to "No-Go" years.
The early years immediately after retirement are often characterized by good health, pent-up desires, and free time that result in more travel and higher expenses.
These are called the "Go-Go" years.
After a few years and the thrill and newness of free time and travel opportunities wear off.
Now the retiree has "Slow-Go" years with lower expenses.
And the last stage typically has medical limitations that not only limit travel, but also require additional medical and healthcare expenses, e.g. assisted living, nursing care, in-home care.
These are the "No-Go" years.
Here's the Michael Kitces graphic and article on it.
![Image]()
https://www.kitces.com/blog/estimating- ... ing-smile/
![Image]()
My question is: How do you know you are in the Slow-Go years?
By your age bracket? e.g. 70-80?
By tracking your spending and expenses?
By realizing you travel less?
By how you feel?
The early years immediately after retirement are often characterized by good health, pent-up desires, and free time that result in more travel and higher expenses.
These are called the "Go-Go" years.
After a few years and the thrill and newness of free time and travel opportunities wear off.
Now the retiree has "Slow-Go" years with lower expenses.
And the last stage typically has medical limitations that not only limit travel, but also require additional medical and healthcare expenses, e.g. assisted living, nursing care, in-home care.
These are the "No-Go" years.
Here's the Michael Kitces graphic and article on it.
https://www.kitces.com/blog/estimating- ... ing-smile/
My question is: How do you know you are in the Slow-Go years?
By your age bracket? e.g. 70-80?
By tracking your spending and expenses?
By realizing you travel less?
By how you feel?
Statistics: Posted by doobiedoo — Thu Apr 25, 2024 8:06 am — Replies 0 — Views 55