We spend most of our lives saving money. Like a squirrel storing acorns, we devote our working career to saving money in buckets with silly names like 401K, 403b, Roth, and IRA. We become so good at saving that when the time comes to start spending these buckets of money, we freeze. This Wall Street Journal article depicts what we see frequently when we meet with clients for the first time.
As an investor, you have to reverse your thinking and allow yourself permission to start spending. However, without a solid financial roadmap that leads you to the end of life, knowing how much to spend and a proper withdrawal rate can become difficult to discern.
Build out your financial plan to the very end, employ professional expertise if necessary, and enjoy your retirement. You have earned it.