Running Out of Money vs Running Out of Time

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The fear of running out of money can follow people into retirement even when the numbers suggest they’re in good shape. Anthony explores why that anxiety can become just as costly when it keeps retirees from enjoying the life they worked so hard to build. Retirement isn’t only about making the money last; it’s also about making sure fear doesn’t cause you to waste the time you have.

Here’s some of what we discuss in this episode:

😰 Money Anxiety: Why the fear of running out can persist even with substantial retirement savings

🔄 Changing Retirement: How the shift away from pensions has placed more responsibility on individual retirees

🧠 Loss Aversion: Why losing money can feel far more painful than gaining the same amount feels rewarding

⌛ Underspending Risk: How excessive caution can cost retirees experiences and opportunities they can’t get back

🛡️ Safety Bucket: Setting aside several years of planned withdrawals away from market volatility

⚖️ Spending Balance: Finding a comfortable range between overspending and unnecessarily restricting your lifestyle

0:00 – Intro

0:26 – Fear of Running Out

3:18 – Behavioral Economics

5:10 – Underspending

6:43 – Balancing Spending & Planning