In this episode of "The Big Picture Retirement Show," hosts Rick Rivera and Eddie Sota from Safeguard Investment Advisory Group delve into the paradox of the wealthy not spending their money in retirement. With insights and guidance from their extensive experience in the financial industry, they discuss why many affluent retirees tend to save rather than spend their accumulated wealth. The discussion covers various topics such as income strategy, investment risk, tax planning, healthcare, long-term care, and legacy planning. The hosts emphasize the importance of having a comprehensive retirement plan to ensure peace of mind and financial security.

The show highlights the importance of personalized financial planning and the value of seeking professional advice. Rick and Eddie share anecdotes from their client experiences, illustrating how retirement success is more about tailored strategies that fit individual lifestyles rather than a one-size-fits-all approach. They stress the benefits of getting a second opinion on retirement plans to optimize taxes, investments, and overall financial efficiency. Listeners are encouraged to call and set up a no-cost consultation to ensure their retirement strategies are robust and capable of withstanding market volatility and unexpected expenses.