Most retirement plans assume your spending will stay flat, or that you will need about 80 percent of your pre-retirement income.But retirement does not actually work that way.In this episode, Tyler Emrick, CFP®, CFA®, explains what the research shows about how retirement spending changes over time and why relying on outdated rules like the 80 percent rule can lead to over-saving and under-living or under-planning altogether.Drawing on research from David Blanchett’s Retirement Spending Smile, Morningstar data, and EBRI studies, Tyler covers:Why retirement spending is not a straight lineHow spending often declines in mid-retirement and rises again laterThe Go Go, Slow Go, and No Go phases of retirementHow fear of running out of money causes many retirees to under-spendA practical way to estimate your real retirement spending needs Have questions?Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals.http://bit.ly/calltruewealth