Retirement Spending Data: How Your Fears Compare to 68% of Retirees! 🤔

Are you a near-retiree struggling to spend your hard-earned savings? You're not alone! According to Kiplinger's study with Fidelity, 41% of Baby Boomers have over $1 million in retirement accounts, yet many suffer from "retirement spending anxiety." In this video, financial advisor Dustin Tibbits explains why retirees fear spending money and provides practical solutions to enjoy your retirement without the guilt. Learn how to create a "permission budget," balance spending fears with quality of life, and avoid the common regret of delaying experiences until it's too late. Whether you're approaching retirement or already there, these evidence-based strategies will help you optimize your retirement spending plan. Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more! #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: https://www.jazzwealth.com/ --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com Jazz Wealth Advisors was recently ranked #36 among financial advisors in the USA by USA Today (Financial Pros) as of April 2025. This ranking was published on 04/22/2025 and was prepared by the Financial Pros without any compensation paid by Jazz Wealth Advisors. Rankings and recognition from rating services are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance. For more information about the methodology used in this ranking and other important disclosures, please visit USAToday.com. Jazz Wealth Advisors is a registered fiduciary investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. 🕒 TIMESTAMPS: 0:00 - Introduction and Jazz Wealth Managers overview 0:25 - The Kiplinger study: millionaire retirees by generation 1:29 - Why retirees struggle to spend their retirement savings 2:26 - The "sleeping on the gondola" problem of delayed travel 3:05 - Understanding retirement spending hesitation statistics 4:08 - Solving the fear of outliving your savings 4:50 - Creating your "permission budget" with goals 6:09 - Finding the right balance: risks of underspending 7:20 - The tax consequences of not spending enough 8:40 - Creating your retirement bucket list and action plan 10:03 - Reviewing your plan for long-term happiness 11:01 - Conclusion and Jazz Wealth services