How Couples Deplete Retirement Savings

A new article on highlights how Americans who save for retirement throughout their working lives often hold tight to that savings after they retire. The new study revealed that they eventually do spend much of this money and sheds light on where it goes.  The study focuses on the retirement spending patterns of couples, adding to similar past studies on single retirees. While both spouses are alive, the researchers found that a couple’s wealth remains relatively stable over time – until they start paying for medical care, nursing homes, and other major end-of-life expenses.  Read the full story at