Sometimes real, but sometimes irrational
When we reach a certain age, we have to ask ourselves: “Can I afford to retire?” That should be easy to figure out — far from it.
Just how much money is enough to retire on depends on many factors. Some are in your control — can you pay your bills and still afford the lifestyle you want? But some are beyond your control. For example, it’s impossible to predict the course of the economy: will there be inflation? Recession? Will the stock market tank?
Many retirees do in fact worry about money, and that’s regardless of how long they’ve been retired, and how much they’ve squirreled away. Without a regular paycheck, money supply is unpredictable. When things go bad, there is the possibility that you will have to dip into savings — money going out without a supply coming in can be very scary.