531: By the Numbers: Why Retirees Often Spend Too Little, Too Late
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 556 Ratings
🗓️ 7 November 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
Discover what new research reveals about how retirees actually spend their money — and why front-loading your retirement income plan could be the key to enjoying your healthiest, most fulfilling years first.
In this episode, we discuss:
- Pitfalls of traditional retirement income plans
- What to know about the "retirement spending smile"
- Spending regret factors for retirees
- Health and longevity perceptions
Today's article is from the ThinkAdvisor titled, Most Retirees Want to Front-Load Their Spending. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
Show Notes: HowardBailey.com/531
📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu
📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB
ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process
Transcript
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| 0:00.0 | Most retirees want to spend more in the early years of retirement when you have the health, |
| 0:05.5 | freedom, and the energy to truly enjoy it. But most financial plans are designed for the opposite, |
| 0:10.9 | spending more later as costs rise. So how do you balance the desire to live fully now |
| 0:16.8 | with the risk of running out of money later? |
| 0:28.9 | Yeah. with the risk of running out of money later. Hey, this is Casey Weed. |
| 0:30.4 | Welcome to the podcast, where does my mission to deliver clarity and purpose and elevate |
| 0:34.4 | meaning in your life. |
| 0:35.7 | If you're new to the show, I want you to know what we mean by that. |
| 0:38.6 | We're having both financial and non-financial conversations here on the podcast with world-class guests. |
| 0:43.9 | We bring you week in and week out, as well as these Friday conversations. We release every single Friday. |
| 0:49.8 | And we alternate between the financial and the non-financial. If you're looking for those |
| 0:53.3 | conversations that are more on arguably the softer side of retirement, if you will, those non-financial |
| 0:59.1 | topics, look out for those episodes titled Freedom After 50. This is going to be a by the |
| 1:04.6 | numbers podcast where I am joined by my good friend Marshall Johnson, a fellow certified |
| 1:08.9 | financial planner practitioner. And we talk about |
| 1:11.3 | the arguably harder side sometimes people will say, which is the numbers and the finances and the |
| 1:17.5 | income and the investments, the long-term care. We talk about those technical aspects. We're going to be |
| 1:22.2 | getting into income planning as a subject today, spending in retirement, different spending strategies and |
| 1:28.2 | trends that we're seeing today. And these conversations come from articles that we drop in your |
| 1:33.8 | inbox every single Friday in an email called Weekend Reading for Retirees. We deliver to you |
| 1:39.4 | four articles or blog posts that we've hand-selected and curated for yourself and summaries, |
| 1:46.2 | takeaways for myself on those articles along with a litany of other resources. If you sign up, |
... |
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