Welcome to the Stay Wealthy Podcast. I'm your host Taylor Schulte, and today I'm kicking off a

multi-part series on creating a reliable income stream in retirement. To help set the stage for

this series, Michael Kittsus drops into share why most retirees will never draw down their portfolio.

In fact, he shares how the 4% rule is more

likely to quintuple wealth than deplete it over a 30-year time period. For all the links and

resources mentioned today, head over to you staywealthy.com forward slash 121.

Approximately 50% of Americans worried that they will outlive their retirement savings. And according to an ALEAN study, 77% of people in their late 40s said that they were

more worried about running out of money in retirement than dying.

And that number crept up to 82% for

those with dependents. Running out of money is without question the single biggest fear for

retirement savers. And while 40% of Americans have less than $5,000 in retirement savings and

have a great reason to be worried about running out of money,

this fear still exists for wealthy retirement savers.

They might have more money, but they likely also spend more money and or have higher expenses.

It's all relative.

Worry, concern, and stress about money is a real thing.

In fact, the technical term for the fear of money

is chromatophobia. Symptoms include an extreme hesitance to think about money, withdrawal

from activities because you're worried about money, a frequent desire to check account balances,

depressive thoughts, and even the refusal to literally touch and handle physical money.

At first, those symptoms might sound a bit extreme, but give it some thought and I'm willing to

bet that we can all relate to at least one of them. In fact, giving our affluent clients the confidence

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