How you spend your savings is as important as how you accumulated them. (Photo: Getty)

Despite the evidence that, in general, those who have retired – especially those who have been retired for a significant amount of time – are spending less and at a slower rate than might have been assumed, there would seem to be little reason to believe that this behavior will hold true for future generations.

However, while experts continue to exhort all currently employed Americans to adopt a prudent approach to accumulating savings for retirement, what do they recommend to those already retired when it comes to “decumulation”?

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