{"id":10799,"date":"2026-06-20T15:11:19","date_gmt":"2026-06-20T19:11:19","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=10799"},"modified":"2026-06-20T15:12:11","modified_gmt":"2026-06-20T19:12:11","slug":"retirements-roughest-money-decision-may-be-spending-your-savings","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=10799","title":{"rendered":"Retirement’s roughest money decision may be spending your savings"},"content":{"rendered":"
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No one wants to see their retirement savings account balances sink \u2014 even when they’re retired.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Fewer than 1 in 3 retirees are comfortable drawing funds from their savings, and 7 in 10 say it’s very important that their nest egg doesn’t shrink in retirement, according to a new\u00a0report<\/a> from Corebridge Financial.<\/p>\n

That sounds strange considering it’s the reason that we’ve saved for so many years.<\/p>\n

“There is a disconnect between people’s retirement expectations and a broad resistance for people to actually spend money or decumulate their assets when they get to retirement,” Corebridge’s president of individual retirement and life insurance, Bryan Pinsky, told Yahoo Finance.<\/p>\n

More than a third (38%) of retirees admit they’ve held back from spending just to protect their savings stash, per the data.<\/p>\n

And this isn’t because they have the altruistic desire to leave an inheritance to someone they love or an organization whose mission they hold dear. The majority of them (83%) plan to leave “whatever is left over.”<\/p>\n