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Financial PostSeptember 2023

If you knew when you were going to die and the money you would leave, what would you do differently?

Featured writing by Allan Norman · M.Sc. · CFP · CIM

The Short Version

It's a striking thought experiment: if you knew exactly when you'd die and precisely what you'd leave behind, would you live or spend any differently? This piece uses that question to make a point about what good planning is for. The reassuring takeaway is that if your plan is built properly, the honest answer should be 'nothing different,' because a sound plan already lines up your spending, your security, and what you hope to pass on. It speaks to a quiet anxiety many retirees carry, the fear of running out balanced against the fear of dying with too much unspent. The thinking it works through is less about a magic number and more about building enough confidence in the plan that you can spend and enjoy your money without second-guessing every decision.

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