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Finke: For Retirees, Spending Too Little May Tarnish Golden Years

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Michael Finke, dean of the American College of Financial Services and director of Texas Tech University’s department of personal financial planning, has some lessons for financial advisors working with clients on their retirement plans that might surprise them.

Although many people fear they will run out of money in retirement, the reality is that a large number of them don't spend as much as they should if they want to enjoy their golden years, according to Finke.