How to Manage a Surprising Retirement Challenge

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Subscribe to MONEY Magazine Retirement is a time of transitions, from work to leisure, and from saving to spending. It can help to make these big shifts gradually: maybe you work part-time before you retire for good, and maybe you continue to save a little, even as you begin to tap your retirement accounts for income. Indeed, experts say having a savings cushion of at least a year’s worth of living expenses in a short-term cash account can help ease retirees’ fears about spending down their nest eggs. You certainly don’t want to spend too much, but assuming you have a healthy amount saved, you also don’t want to spend too little and compromise your lifestyle unnecessarily. Read more in today’s edition about how to strike this delicate balance. Thanks to all who sent in suggestions for our inaugural Retire with Money book club selection. Vote here for which book we should read together this July! Best wishes, Elizabeth P.S. If you like this newsletter, please pass it on to a friend! And if you got it from a friend, sign up here for email delivery to make sure you don’t miss the next issue. TIMELY RETIREMENT NEWS, INSIGHTS AND ADVICE The Surprising Thing People Get Wrong In Retirement — and 4 Steps to Overcome It Is it possible we're spending too little? Here Is What 8 People Wish They Knew Before They Retired In Their 20s and 30s Some wished they retired even earlier, while others wished they had been more prepared to face criticism. Paint Your Front Door This Color and Your Home Could Be Worth $6,000 More This inexpensive trick can have big returns. ASK A READER Please send any questions you'd like answered by your fellow readers to me at retirewithmoney@moneymail.com! And in case you haven't already, please vote here for which book we should read together this July as the inaugural selection of the Retire with Money book club! RETIREMENT NEWS FROM AROUND THE WEB What's the Most Popular Age to Take Social Security? A majority of beneficiaries claim their benefits before full retirement age. USA TODAY How an Outdated 401(k) Plan Can Burn You A lack of fee transparency makes it harder for savers to decide whether to roll over the money in old workplace retirement accounts. INVESTMENT NEWS This Investor Protection Rule is Dead An appellate court on Thursday confirmed its decision to vacate a rule that would have required all financial advisors to act in retirement savers' best interest. CNBC My New Wife Wanted to Live With Me for Free, So I Asked Her to Move Out Two 63-year-olds marry, then split up, over mismatched expectations about money. MARKETWATCH ABOUT ELIZABETH Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien. To Unsubscribe You have received this e-mail because you are subscribed to this newsletter from MONEY.com. Unsubscribe here. Update Email Click here to update your email address. Privacy Policy Please read our Privacy Policy. MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. For Further Communication Please email retirewithmoney@moneymail.com Money Customer Service 3000 University Center Drive Tampa, FL 33612-6408 Connect with Money Find Money on Facebook Follow Money on Twitter Subscribe to more MONEY and TIME Newsletters Get Money Magazine on your Mobile Device Get MONEY on your iPad Subscribe to RSS Feed Subscribe to MONEY Magazine