Somewhere right now there's a 74-year-old with $1.4 million in investments, no mortgage, and a Social Security check that covers the groceries.
He is reading a restaurant menu from the right side.
He's not broke. He's not confused. He can do arithmetic better than most of us. He simply cannot make himself spend the money, and he's not alone in the slightest.
Allianz Life's 2026 Annual Retirement Study found 71% of working Americans expect to be reluctant to spend in retirement just to protect their balance. Among people already retired, 39% said they were. And about a third of retirees said it feels wrong to start drawing down money they spent decades accumulating.
Feels wrong. That's not a math problem. Let's talk about it. 👇