2926: Put Your Money Fears in Perspective by David Champion with Can I Retire Yet on Retirement Advice
Description
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Episode 2926:
David Champion reflects on the fear many retirees face as they shift from earning income to relying on savings, particularly in volatile times. He highlights how historical resilience in financial markets, combined with flexibility in spending, can help retirees overcome excessive worry about their portfolios running dry. Champion’s own experience offers reassurance that most financial fears are overblown, even amid global crises.
Read along with the original article(s) here: https://www.caniretireyet.com/put-your-money-fears-in-perspective/
Quotes to ponder:
"Worrying is like paying a debt you don’t owe; I have spent most of my life worrying about things that never happened."
"The fear of outliving my savings has abated. With five years of data in the rearview mirror, the upshot is that my net worth is 6.3% higher today than it was when I retired."
"For many who still work, the only thing standing between them and their dreams is the perceived vulnerability of their nest eggs."
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