Saving money becomes almost automatic after decades of being told to prepare for retirement. Then retirement actually arrives, and a strange question emerges: Are you still supposed to save part of every Social Security check, pension payment, or retirement-account withdrawal? For some retirees, continuing to build savings is prudent, but for others it can become a habit that unnecessarily restricts the life they worked so hard to afford. The better question isn’t whether retirees should save forever, but whether their income, reserves, future obligations, and lifestyle make additional saving necessary. Knowing when retirees can stop saving can be just as important as knowing how much to accumulate before leaving work. So, when is it finally okay for retirees to stop saving money? Here’s what you need to know.
