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The Retiree’s “Fear of Running Out of Money” - Kiplinger
When we’ve been conditioned for almost our entire life to save, save, save, for our future retirement, it is hard for most to simply flip the switch to “spend, spend, spend” the nest egg we’ve so diligently accumulated over the years. This phenomenon is discussed at length in this interesting Kiplinger article by Diane Harris, an award winning financial journalist. The article presents how various surveys reveal public opinion on retirement savings, as well as on spending in retirement. Fact is, most retirees are careful about how they use their retirement savings, largely based on the uncertainties’ of their future, and a fear of running out of money before their life is over. All of this is discussed in this Kiplinger article on “How to Master the Art in Retirement Spending.” Click here to read the article.