Morning Blend on Mater Dei Radio: “Retirement Spending Guilt”
You’ve just spent years growing your retirement nest egg, you’ve retired, and now you’re supposed to start spending it?! This shift in spending habits can feel completely unnatural for many of us.
Psychologically, making that change and allowing yourself to withdraw money can feel incredibly difficult. It might even feel like you’re robbing a bank!
If you refuse to tap into your retirement savings, you’ll miss out on the enjoyable parts of life. You deserve to travel, explore new hobbies, and enjoy other fulfilling experiences—but these things cost money.
Of course, you need to make sure your money lasts throughout your life. Managing your withdrawal rate is the key to keeping your spending sustainable.
Most financial advisors recommend the 4% rule as a starting point for withdrawals. You increase that amount slightly each year to account for inflation. If that feels too aggressive, consider withdrawing just 2–3% instead.
Each family or couple should think carefully about their legacy goals. Whether or not you want to leave an inheritance depends on your personal situation. Make sure you and your partner agree on this, so it doesn’t derail your financial future.
Listen to the interview
About the Morning Blend on Mater Dei Radio
Mater Dei Radio is a Catholic broadcasting apostolate dedicated bringing souls to Jesus through the Blessed Virgin Mary. We hope your faith will be inspired and deepened through our 24-hour radio broadcast, original shows and podcasts, community calendar, social media, and more!
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