A friend at 60 considers early retirement, seeking guidance from his financial advisor. Working longer for income is an option to ease worry about portfolio sustainability. Adjusting spending during market losses can improve portfolio longevity. Strategies like flexible spending can increase total lifetime spending.

Retiree spending trends down over time. Consider maximizing spending during life or leaving a bequest. “Spending/ending ratio” research helps retirees decide on spending strategies. Single retirees without children may prioritize enlarging lifetime income over leaving a bequest. Explore flexible strategies to avoid underspending.

Read more at Yahoo Finance: 4 key decisions for early retirement