by Mary Suplee on Aug 2, 2017
One of the most difficult aspects of retirement, is the mental switch required to go from a saving mentality to a spending plan. After a lifetime of putting aside money for the future, it's not easy to start spending down that savings. When they're no longer receiving a regular paycheck, many retirees find it hard to transition from saving to spending. The biggest concern is making sure they don't outlive their savings. Fear of other outside factors also play into this concern like investment risk, health issues, medical expenses and caring for family members.