Retirees Hesitant to Spend Savings Due to Uncertainty, Study Finds
A study by Corebridge Financial highlights that many retirees are reluctant to spend their savings due to fears of outliving their money and uncertainty about future healthcare costs. Personal finance expert Jean Chatzky suggests that having a retirement spending plan, or decumulation strategy, can increase retirees' confidence in using their savings. The study recommends separating expenses into essential and discretionary categories, using guaranteed income sources like Social Security for essentials, and retirement savings for discretionary spending. The 4% withdrawal rule is suggested as a guideline for managing withdrawals. 
