9 Ways to Overcome the Terror of Spending Your Retirement Savings

Older senior man can't sleep because of retirement stress
amenic181 / Shutterstock.com

This story originally appeared on NewRetirement.

Terror about retirement spending is not uncommon. In fact, most people are worried about spending their nest egg and running out of money. After all, you have been conditioned for decades to earn, not spend.

You were probably a teenager when you opened your first paycheck and officially started the cycle of earning and spending your own money.

Since then, the following process has never stopped: Work. Earn money. Spend some. Save some (hopefully). Repeat.

And now, just because you are ready to retire, you are forced to adjust to an entirely different system. Suddenly, it’s supposed to seem totally normal to spend, then spend some more, and then spend even more — drawing down the retirement nest egg that took you a whole lifetime to build?

That can be terrifying! And, if you are feeling scared, you’re definitely not alone.

If you’re uneasy and not sure you can handle watching that nest egg balance fall month after month, take a deep breath. Following are several tips to overcome your fear of retirement spending.

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