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All Kirtland CU branches and locations will be closed on Monday, May 26 in observance of Memorial Day.

Use caution if you receive a call, email, or text message that appears to be from Kirtland Credit Union. Don’t click on links or call phone numbers in unsolicited messages. Remember: We will NEVER ask for your online banking access codes, credentials or for you to transfer money.

If you may experience financial hardship related to the government shutdown, we’re here to help. Call 1.800.880.5328 or visit one of our branch locations for more information.

Due to technical difficulties, Kirtland CU branches, other than Gibson, are temporarily unable to provide in-branch services, Online and Mobile Banking remain available for your banking needs. We apologize for any inconvenience.

ROUTING NUMBER: 307070050

We're Invested

Retirement, investments, financial planning for every stage of life—learn about it all here at Invested,
a blog from your Wealth Management Advisors at Kirtland Financial Services.

How Retirement Spending Changes With Time

February 1, 2019

By Kirtland Financial Services

Invested, Investments, Retirement

New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money?

This concern is legitimate. Rates of spending are not uniform throughout retirement.

The initial stage of retirement can be expensive. New retirees are eager to execute the plans they’ve made. As they travel, make purchases, and enjoy their new life, spending peaks.
Retirees in their sixties should realize that their spending will likely decline as they age.
When retirees are well into their seventies, spending decreases further. In fact, Government Accountability Office data shows that people age 75–79 spend 41% less on average than people in their peak spending years (usually in the late 40s).
Spending lowers even furthers as retirees enter their eighties. Once many retirees are into their eighties, they have traveled and pursued their goals to a great degree. Spending time with grandkids, rather than spending money, becomes the focus.
One study finds that medical costs burden retirees mostly at the end of life. BlackRock’s 2017 study on retiree spending patterns found medical expenses only spiked for most retirees in the last two years of their lives.

The Wealth Management Advisors at Kirtland Financial Services can help you plan for these shifts in spending while you’re building your retirement plan.

Your Initial Consultation Is FREE!

At Kirtland Financial Services, a team of experienced Wealth Management Advisors is ready to help you bring your goals into focus and help you make a plan to work toward the financial future you want.

Your first visit is absolutely free! Sit down with your Wealth Management Advisor—they’ll get to know you and your goals, and you’ll learn about a wide variety of investing options.

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Routing Number: 307070050

6440 Gibson Blvd. SE, Albuquerque, NM 87108

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