Merryn Talks Money You’ve Spent Your Life Saving. Now Learn How to Spend
Jan 14, 2026
George Agan, a Chartered financial planner from Flying Colours Advice, dives into the peculiar challenge of shifting from a lifelong savings mindset to spending in retirement. He discusses the psychological hurdles retirees face after achieving financial goals and the importance of cash-flow planning for sustainable income. The conversation also covers troubling tax implications for heirs and encourages retirees to rethink their spending motives, advocating for intentionality in retirement activities and purposeful gifting to family.
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The Psychological Pain Of Decumulation
- People carry a lifetime target of accumulation and find decumulation psychologically hard.
- Reaching the target feels like running down a hill toward mortality and identity loss.
Craig's Frugal Retirement Dilemma
- Craig saved diligently and reached retirement with frugal habits he can't shake.
- He finds little he wants to spend on despite being financially secure and mortgage-free.
Wealth Is More Than Money
- Wealth equals more than money: health, relationships, purpose, and freedom matter.
- Recognize non-financial wealth to justify spending and enjoy retirement.