Australians spend decades building their superannuation, but when retirement finally arrives, many are reluctant to spend it. One study found the median pensioner died with around 90 per cent of their retirement wealth still intact. So why are we so afraid of running out of money, even when we've saved enough to enjoy retirement?
In the latest episode of Fear & Greed's weekly series with MLC Expand, Sean Aylmer speaks with Ashton Jones, Director of Retirement Innovation at MLC, about the psychology of spending in retirement, why planning for income matters as much as building a super balance, and how to make sure your money lasts — even if you live to 100.
This interview is part of Fear & Greed's weekly series in partnership with MLC Expand.
This is general information only. Always seek professional advice before making investment decisions.
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