We're in our 70s, have $6 million in savings, and receive Social Security - why can't we let ourselves enjoy it?

For older Americans, transitioning from a frugal lifestyle to enjoying wealth can be psychologically challenging. After years of saving, enjoying expenses doesn’t come naturally.

The common scenario involves retirees like Stewart, who despite being financially secure, struggle psychologically to indulge themselves in pleasures or expenditures.

Implementing a specific 'fun fund' can serve as a practical solution, allowing for guilt-free spending while helping to break the longstanding habits of frugality.

Starting with little indulgences, such as dining out or taking short trips, may aid retirees in gradually transitioning into a lifestyle that embraces their financial security.

Read at 24/7 Wall St.