Our analysis found:
of American households do not retire all at once, if you count individuals working in retirement and spouses retiring at different times.
preretirement income who partially retired may experience a spending surge at the beginning of retirement.
households experience spending volatility at the beginning of retirement, experiencing both major ups and downs from year to year.
We explored all of these patterns...
and their implications for plan sponsors and financial professionals dedicated to helping pre-retirees prepare for—and retirees maintain—a secure lifestyle in retirement.