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Thoughts About Spending Your Retirement Nest Egg - Motley Fool
Regardless how much you have saved for retirement, when you finally put your work cloths in the closet for good, you’re likely to start worrying about how long your savings will last. That’s a relatively normal concern for most retirees, which financial advisors call the “risk of running out of money” in retirement. And it is a very real emotion considering how much you’ve sacrificed over the years contributing to a retirement nest egg to sustain you in your so-called “golden years.” Most financial advisors (if you use one) will caution you about how much you can safely withdraw from your savings to mitigate the risk of running out of money before you die. But, as this Motley Fool article by Maurie Backman points out, far too many might take that fear to an extreme, which may mean another retirement risk - not enjoying the retirement money you so diligently saved. In other words, “don’t become too scared to enjoy the fruits of your labor.”
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