Living in retirement – How to overcome a fear of spending your savings

Description

Abstract: Despite accumulating retirement savings for decades, some retirees are reluctant to spend their hard-earned wealth. This article explores the reasons and suggests solutions such as dividing savings into three baskets: one for liquid investments to pay for current expenses, one for intermediate-term expenses and one for riskier investments, such as stocks. A sidebar encourages people to start saving for retirement as early as possible.