Ep 539: Why Retirees Are Too Scared to Spend Their Own Money (And How to Fix It)
HerMoney with Jean ChatzkyShow Notes
You saved. You invested. You did everything right. So why does spending your own money in retirement feel so terrifying?
This week, Jean sits down with Terri Fiedler, President of Retirement Services at Corebridge Financial, to dig into why the spending side of retirement is so much harder than saving, and what you can do about it right now.
They cover:
The "retirement paradox": why 60% of retirees whose assets have grown still can't bring themselves to spend
Why guaranteed lifetime income is the single biggest confidence booster for retirees
The three questions everyone should be asking five to ten years before they retire
Resources mentioned in this episode:
Corebridge Financial's decumulation research: corebridgefinancial.com/decumulation
Jean's new book: The Forever Paycheck
HerMoney's conversation with Dana Anspach: The Retirement Phase Nobody Talks About
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