How to Retire: Transition from Saving to Spending
How to Retire: Transition from Saving to Spending  
Podcast: Investing Insights
Published On: Wed Oct 16 2024
Description: Christine Benz, Morningstar’s director of personal finance and retirement planning, interviews financial experts about different aspects of retirement in ‘How to Retire,’ the companion podcast to her book of the same name. In this episode, Christine sits down with Washington Post personal finance columnist and author Michelle Singletary. They talk about the difficult psychological transition from saving to spending in retirement.Transitioning from Saving to Spending in RetirementHow to Plan for Retirement When Your Spouse Doesn’t Retire at the Same TimeAre Annuities Helpful for In-Retirement Cash Needs?Delaying Social Security in RetirementHow Couples Can Approach Different Money Mindsets in RetirementKey Takeaways Hi, I'm Christine Benz from Morningstar and welcome to the How to Retire podcast. It's a companion to my book, which is also called How to Retire. Each episode will provide a bite-sized lesson about how to do some aspect of retirement well.One of my favorite personal finance journalists is author and Washington Post columnist, Michelle Singletary. Happy to say that I've gotten to know Michelle a bit through our regular conversations. In her work and presentations, she frequently discusses her thriftiness. So, I wanted to discuss with Michelle an issue that I've observed through talking to a lot of retirees, that if they've been good savers like Michelle, it's difficult to flip the switch into spending. I asked her to discuss that transition in her own household. More from Michelle SingletaryBioThe Color of MoneySpend Well, Live RichWhat To Do With Your Money When Crisis Hits: A Survival Guide, by Michelle SingletaryMichelle Singletary on The Long View: 'You Need Diversity' Read more from Christine Benz.How to Retire: Tips for Entering Retirement3 Tricky Decisions for Every Retirement PlanWe Need to Talk About Your Retirement ‘Spending’Social Security Planning Tips for Married CouplesHow to Determine Your Expected Retirement Date Read about topics from this episode. The Psychology of Retirement Income: From Saving to SpendingHow Retirees Can Avoid the ‘Tax Torpedo’ Watch more from How to Retire.How to Retire: Consider a Retirement Bucket Portfolio StrategyHow to Retire: Know What ‘Enough’ Means in RetirementHow to Retire: Understand the Role of Working LongerHow to Retire: Stay Flexible with Your Retirement Spending Read what our team is writing:Christine Benz  Follow Christine Benz on social media.X: https://x.com/christine_benzLinkedIn: https://www.linkedin.com/in/christine-benz-b83b523  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.