Saturday, November 30, 2024

The strange psychology of retirement income: Why spending money feels riskier after years of saving

The strange psychology of retirement income: Why spending money feels riskier after years of saving

Article Excerpt: "...The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only to fiction. It’s a cold reality for many retirees. ...It’s important to remember that this is the money you’ve spent years toiling over and protecting. Now, during a long and happy retirement, is the time to put that money and free time to good use, funneling both resources into your version of a life well-lived. ...

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Resource: fortune.com