Frugal to a fault? Smart planning helps retirees know when it’s OK to splurge | The Spokesman-Review: You spent years saving. Retirement looks fairly solid on the books.
But can you be too frugal as you near or enter retirement? Uncertain about a splurge?
Experts say that’s actually common, when fiscal discipline doesn’t move toward permission to spend. It can feel unsettling to tap savings or previously off-limits retirement funds.
“There is a psychological switch; it’s not only financial,” said Melanie Keiser, vice president at Hart Capital Management in Spokane.