Why do we spend years working hard and diligently saving for retirement? For most of us, it is because we want to be able to enjoy our retirement years to the fullest, without having to worry about money. Yet according to a recent EBRI survey, retirees aren’t spending what they have saved; in fact, three-quarters of average retirees have seen their nest egg grow in retirement.
Strong stock market performance has helped retirement portfolios, but the reality is that many retirees aren’t spending what they have saved because they are worried about running out of money. This article from Barron's explains why so many of today’s retirees are keeping their finances on a tight leash.
Click here to read the article.
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