What Is The 'Retirement Spending Smile'?
A more recent contribution to the retirement spending debate is David Blanchett’s May 2014 article from the Journal of Financial Planning, “Exploring the Retirement Consumption Puzzle.” Blanchett’s “puzzle” concerns how spending tends to decrease both at and then during retirement at a real spending averages rate of about 1% per year.
Pfau, Wade D. PhD, "What Is The 'Retirement Spending Smile'?" (2016). Faculty Publications. 567.