Ep.12 - Why Retirees Can’t Spend – Even When They’ve Got Millions
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Ep.12 - Why Retirees Can’t Spend – Even When They’ve Got Millions
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About this listen
They’ve done the hard part — worked, saved, and built a sizeable nest egg. So why are so many retirees paralysed when it comes to spending their own money?
In this episode of Juggling Mind & Money, Steve and Jess dive into the strange reality of retirement underspending — where even millionaires struggle to loosen the purse strings. It’s not about maths; it’s about mindset.
We explore the psychological blocks that stop people enjoying what they’ve earned:
- fear of running out,
- guilt around indulgence,
- and the deep identity built around saving, not spending.
Steve shares how financial planning can create “permission to spend” through smart strategies like simulated income and stress testing, while Jess explains why no amount of money calms anxiety if the brain still thinks it’s broke.
Whether you’re approaching retirement or advising someone who is, this episode is your guide to turning wealth into well-being — before it’s too late to enjoy it.