Frugal to a fault? Smart planning helps retirees know when it’s OK to splurge | The Spokesman-Review

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.

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