Permission to Live: Why a $750K Retiree Won't Buy $140 Boots

Permission to Live: Why a $750K Retiree Won't Buy $140 Boots

From The Retirement Learning Lab by Van Richards, ChFC®, RICP®

February 24, 2026 · 20 min · Season 2026 · Episode 21

About this episode

This episode discusses the importance of spending in retirement and overcoming financial guilt.

Send us Fan Mail A 72-year-old engineer with $750,000 saved told me he couldn't afford $140 boots. He owns his home. Has a pension. Social Security. But he's been wearing 30-year-old work boots in his garden because new ones are "too rich for my blood." Sound familiar? If you've worked your whole life, saved diligently, and now feel guilty about actually spending any of it—this episode is for you. The biggest retirement mistake isn't overspending. It's under-LIVING. In this episode, we're tal...

People in this episode

Host: Van Richards

Topics covered

  • retirement spending
  • financial guilt
  • living well in retirement
  • pension
  • social security

Keywords

  • retirement
  • financial planning
  • spending habits
  • pension
  • social security
  • under-living
  • financial guilt

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