Calculating Spending

Robert P. Kurshan
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Robert P. Kurshan: Fellow, Cadence Design Systems (retired)

Chapter Chapter 6 in Investment Industry Claims Debunked, 2022, pp 137-145 from Springer

Abstract: Abstract However one manages finances, financial planning starts with understanding spending needs and priorities. In this chapter I give a very simple way to estimate spending needs—essential for knowing how much of savings to hold in stable assets (like bonds and cash). As already discussed, in order to avoid the possibility of needing to draw down depressed stocks, expenses need to be covered by stable assets. It’s worth repeating, though, that outside of covering expenses, in order to optimize savings growth, remaining assets should be invested in equity.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76709-9_6

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DOI: 10.1007/978-3-030-76709-9_6

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