It appears he obviously has always had this problem. Most retirees have a fixed amount of savings to live on and their budgets are set based on their estimate of mortality. A person can go through all their money and not realize it until it is too late. Then we all are subjected to emergency (ie morbidity), market failures, etc. Some retirees want to spend all they have before they die while others try and preserve their estate for their kids
Someone wanting to send spend spend either needs to have retired very rich or needs to continue to work to replenish the cash reserves because you may outlive your money
I opine others an decide
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