Frugal retirees: Go ahead, spend your money

Retirement » Frugal Retirees: Go Ahead, Spend Your Money

Rethink those inheritances
Rethink those inheritances © Andresr/

Garry has seen frugal retirees hesitate to spend anything because they have a dollar figure in mind that they want to leave as an inheritance. That's all well and good unless it reaches the point where you're living on cold cereal so your heirs can someday gorge themselves on chateaubriand.

If your heirs really care about you, chances are they'd rather see you living comfortably now than get a few more bucks from your estate when you're no longer around. And if they don't really care about you, you might as well start ordering chateaubriand for yourself.