Foster Denovo|News & blogs|News|Cash flow modelling with rising living costs in retirement

Cash flow modelling with rising living costs in retirement

While the rising cost of living affects both working and retired clients, the potentially finite nature of decumulation means that rising costs can be of greater concern to retired clients.

As well as distinguishing between working and retired clients, further differences can be drawn among retirees.

“For those who are on a low income and perhaps that income is secure – so perhaps they’re mostly dependent on a state pension, or they have a defined benefit pension – and they don’t have a lot of wiggle room, they will be much more sensitive to increases in the cost of living,” says Jamie Smith, partner at Foster Denovo.

To read the full article, visit FT Adviser here.

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