Sign up to save your podcasts
Or
Share 024: The Psychology of Spending Money in Retirement with Mike and Jessica Panico
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
024: The Psychology of Spending Money in Retirement with Mike and Jessica Panico
For most, retirement planning means focusing on saving, sacrificing, and delaying gratification. Yet when the paycheck stops, many retirees unexpectedly struggle with the confidence to spend the money they’ve worked so hard for.
In this episode, we’re exploring the emotional roadblocks that prevent retirees from fully enjoying their wealth, ranging from fear of running out of money to waiting endlessly for “the right time” to spend, due to market or geopolitical conditions.
We’re discussing why the very habits that help people build wealth—discipline, thrift, and caution—can make it challenging to transition into confident spending in retirement.
Ultimately, retirement isn’t just about having money—it’s about using it intentionally to create memories, enjoy freedom, and, as we like to say, “Live every day like it's Saturday.” With proper planning, working with a financial professional can provide the clarity and reassurance retirees need to confidently embrace this new phase of life.
KEY TAKEAWAYS:
- Why Spending in Retirement Feels Difficult
- Waiting for the “Right Time” to Spend Rarely Works
- How a Financial Plan Gives You Permission to Spend
- The Best Financial Plans Are Tested with Scrutiny
SHOW NOTES
Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/psychology-of-spending-money-in-retirement
DISCLOSURE:
Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes.
Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation.
Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.
View all episodes
By Arcadia Financial GroupFor most, retirement planning means focusing on saving, sacrificing, and delaying gratification. Yet when the paycheck stops, many retirees unexpectedly struggle with the confidence to spend the money they’ve worked so hard for.
In this episode, we’re exploring the emotional roadblocks that prevent retirees from fully enjoying their wealth, ranging from fear of running out of money to waiting endlessly for “the right time” to spend, due to market or geopolitical conditions.
We’re discussing why the very habits that help people build wealth—discipline, thrift, and caution—can make it challenging to transition into confident spending in retirement.
Ultimately, retirement isn’t just about having money—it’s about using it intentionally to create memories, enjoy freedom, and, as we like to say, “Live every day like it's Saturday.” With proper planning, working with a financial professional can provide the clarity and reassurance retirees need to confidently embrace this new phase of life.
KEY TAKEAWAYS:
- Why Spending in Retirement Feels Difficult
- Waiting for the “Right Time” to Spend Rarely Works
- How a Financial Plan Gives You Permission to Spend
- The Best Financial Plans Are Tested with Scrutiny
SHOW NOTES
Get full access to the show notes and resources mentioned by visiting: https://arcadia.financial/psychology-of-spending-money-in-retirement
DISCLOSURE:
Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and the state of New Hampshire. The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes.
Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation.
Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.