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Story perspectives

Retirees Fear Savings Drain Amid Market Uncertainty

2/28/2026

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Story summary
  • Randy Smith, 64, and his wife LeeAnn Smith, 62, of Idaho Falls, saved for retirement, with Randy contributing nearly 50% of his paycheck to a Health Savings Account and a 401(k).
  • They worry about running out of money and relying on their children.
  • New retirees often fear spending savings amid concerns about stock markets and inflation.
  • Advisors say the worry reflects mindset, not math, as retirees shift from earning to spending.