When it comes to retirement it can actually be a very stressful period because that is a point in life where you're vulnerable. You may not be able to get back to work so easily. Even if you do, pay may be different.

And the fear is that your bank account can start to look less.

You may know that feeling especially if you have been retrenched before or been in between jobs before. You’ve seen that bank account figure sliding down. The fear lingers every time you have a big purchase.

That's why retirees in general fear running out of money. It is a very real thing. 

There’s a study by JP morgan that found that 80% have still had the retirement savings they started with after two decades. They are not spending that money! Is it is the fear of running out? If it is, then it's very sad indeed.