Caleb and Riley are discussing a problem they continue to encounter in retirement planning. The problem is that many retirees feel it is important to preserve their asset levels in retirement, and many will even go as far as to cut their spending to do it. This could because of fear or uncertainty about the future of using your wealth in retirement and not changing this mindset could lead to a sub-optimal or what we all a ‘rubbish’ retirement. Learn more about:

• How to overcome mental hurdles preventing you from spending their wealth on what it is for
• Evidence of why spending wealth will move you closer to to a robust retirement
• Transforming your retirement mindset, to a point where you are now ready and willing to ‘retire for real’ and spend your wealth.

Memorable Quotes: “Only 31% of retirees withdraw from their portfolios is a regular, systematic basis...Many are unnecessarily constraining spending, despite wanting to prioritize lifestyle over leaving bequests” “If someone is uncertain about how long their money will last, or uncertain on much they will take out, fearful of the future, or unsure about what to spend their wealth on. Then I would say that person is our perfect patient and as your ‘doctors’ today we identified your illness and we prescribed the medication to cure you.” Resources:

• Spending in Retirement: Determining the Consumption Gap
• The decumulation paradox. Why are retirees not spending more?
• Why Most Retirees Will Never Draw Down Their Retirement Portfolio
• Helping others makes us happier — but it matters how we do it
• Instead of Spending Down Assets, Eight in Ten Retirees Expect to Maintain or Grow their Investments

Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts