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White Paper

Spending in RetirementSpendinginRetirement

Mar 20, 2023

1 min

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Most investment solutions have been designed under the assumption that retirement spending is the same for all individuals, but the reality is the characteristics of retiree expenses vary greatly. For solutions to be successful in providing retirement income, they will need to better address the different types of spending workers will experience after they leave the workforce. In this paper, PGIM focuses on better understanding expenses in retirement and explores the idea of using a “Needs and Wants” framework for designing income-oriented investment solutions.

PGIM and PGIM Quant's teams, along with special guest Professor Michael Finke, held a webinar to discuss their findings and to examine how providing more participant customization can help improve outcomes.

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