Don't Sacrifice Living For Your Savings

AARP BULLETIN | on Thu, Dec 7, 12:00 AM

There are reasons for caution. We don’t know how long we’re going to live; we fear unexpected health care costs[1] in later age; we are earning practically nothing from savings and worry about losing money when stock prices fall. But there’s evidence that we sometimes worry too much — and risk depriving ourselves of pleasures that we can afford. I’m thinking of the friend who flies to see her grandson only once a year because she wrongly believes that an extra visit would knock her nest egg o...

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