Bill Perkins wants to spend every penny before he dies, he explains in his book "Die With Zero."
He thinks most people are saving too much for retirement, given that a lot of it goes unused.
Instead of leaving a large inheritance, he'd rather use his money on experiences, helping his children while they're starting out, and spending the money on his needs.
While some people did use up their money, many retirees actually see their net worth increase with time.
"Retirees with less than $200,000 saved up for retirement ... had spent down only one quarter of their assets 18 years after retirement."
Persons:
Bill Perkins, Perkins, doesn't, Get, it's, overspending
Organizations:
Service, Federal, Board, Medicare
Locations:
Wall, Silicon