When it comes to retirement, one fear stands above all others, running out of money.

It's such a powerful and widespread concern that even people with multimillion dollar portfolios

still struggle to give themselves permission to spend.

The numbers say they're fine, but emotionally, it still doesn't feel that way.

And here's what's surprising.

Research shows that most retirees never actually

draw down their savings. In fact, many see their wealth grow throughout retirement, even during

some of the worst periods in market history. In today's episode, we'll explore why that happens,

what the data really shows about retirement spending, and how to find the right balance between

confidence and caution.

Welcome to another episode of the Stay Wealthy Retirement Show. I'm your host Taylor Schulte,

and every week I tackle the most important financial topics to help you stay wealthy in retirement.

And now on to the episode.

According to BlackRock's latest retirement study, two-thirds of Americans worry they'll run out of money in retirement, a 10% jump from last year, largely due to recent market volatility and rising retirement costs.

Perhaps even more striking, roughly the same percentage of people said they're more afraid of outliving their savings than dying. Running out of money is without question the single biggest fear for

retirement savers. And while about 45% of Americans over age 50 have less than $100,000 saved,

giving them good reason to be worried, this fear still exists for successful retirement

savers with healthy seven-figure nest eggs. They might have more money, but they also tend to

spend more, and their lifestyles, obligations, or financial goals are often more expensive. It's all

relative. Worrying about money is real. In fact, there's even a clinical term for it,

chromophobia, which is the fear of money. Symptoms can include hesitants to even think about

money, withdrawing from social activities because of financial stress, obsessively checking account

...