Financial Therapy, Life Transitions: spending in retirement and bucket lists

“According to a September report from the Center for Retirement Research at Boston College, half of retirees are afraid to use their savings, often refusing to touch money they spent decades socking away expressly so they could enjoy leisure activities in their 60s, 70s and 80s.”

“Given that 50% of households are currently at risk of not having the funds to maintain their living standards in retirement, according to the center, their fears are not unfounded. But while retirees who live extra cautiously may be securing the sense of contentment that comes with having the resources to deal with sudden expenses like long-term care, they may also be sacrificing quality of life to do it.”