From Saving to Spending in Retirement | Philadelphia News

Philadelphia News Today | 2 Min News | The Daily News Now! · Aug 12, 2026 · 1m

New research from Vanguard reveals that the biggest retirement challenge isn’t saving—it’s spending wisely. After decades of accumulating wealth, retirees must shift from “saver” to “spender” mindset, focusing on sustainable income, not just account balances. Four key principles guide this: start with your purpose, cover essentials like housing and healthcare, ensure your money lasts, and keep things simple. Many retirees underspend out of caution, missing out on enjoying life—yet withdrawal rate matters more than total savings. Vanguard urges retirees to define needs, wants, and wishes…