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Are you struggling to figure out how to spend your savings in retirement? You’re not alone. In this video, we dive into the psychological barriers that stop retirees from enjoying their hard-earned money, including the fear of running out, lifelong saving habits, and guilt about spending. I’ll also walk you through four spending strategies recommended by Vanguard—like the bucket approach, the 4% rule, and dynamic spending—so you can find the perfect balance between living your dream retirement and ensuring your money lasts. Plus, I’ll share how to spend more when you’re younger and healthier to avoid the dreaded “zone of regret.”
00:00 Introduction
01:11 Why Spending Money in Retirement is so Hard
03:21 Vanguard's Withdrawal Strategies
03:34 Buckets, Buckets and More Buckets
06:23 Dynamic Spending
07:15 The Key Question
07:35 Client Example
10:49 The Spending Gap
12:12 Retirement Stress Test
13:23 Chance of making changes