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Optimizing the Utility Of Spending Wealth

Christopher P. Woehrle analyzes an exchange of future unitrust payments for a charitable gift annuity.

In The Missing Billionaires,  the authors noted, “some pretty spectacular financial train wrecks could be largely attributed to decision-makers focusing on maximizing wealth rather than the utility we get from spending our wealth.”1 They opined that one of the principles of an optimal spending and investing policy in retirement is to “react to changes in the value and quality of our investments, after tax and inflation-adjusted.”2 

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