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The Independent UK
The Independent UK
National
Samantha Lamas

The Psychology of retirement income: A guide to saving and spending

Have a clear understanding of how much you can spend. -

The idea of a Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only to fiction.

About 25% of retirees fall into the camp of people who decrease spending during retirement.

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