I said you dont “earn” income not that you dont spend it. Spending “DOWN” assets implies your account value going down not that you arent spending your assets. There is nothing more frightening to a retiree than watching that account value go down. That creates concern of being a potential burden on their children who are working to raise their own families. Its a completely different mindset. Sit down with a 70 year old, 75 year old or 80 year old once a month for 10 years to talk about these things and your outlook will change. God willing someday you will be in that position too and will understand.
