Don't Let the Fear of Spending Spoil Your Retirement

If you have done any research on retirement, you have likely read that the No. 1 concern for retirees is that they will outlive their money.

This is a valid concern due to several factors. Americans are living longer. Health care costs are rising. Pensions (defined-benefit plans) are a thing of the past. Today, many retirees are nearly 100% dependent on Social Security and whatever money they have been able to stash away in retirement plans, such as IRAs, 401(k)s, 403(b)s, etc.

It is easy to have hesitations about the future, and it is smart to be careful about your spending in retirement. However, my biggest concern is that some retirees are so worried about

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