Retirement Nightmare: 401(k) Savers Are Afraid To Spend Their Savings

Many 401(k) investors are discovering that the hardest part of retirement isn’t saving — it’s spending. After decades of diligently building a nest egg, many retirees and working Americans say they are reluctant to turn their retirement account balance into a steady paycheck, according to the 2026 Annual Retirement Study by the Allianz Center for the Future of Retirement. Seven…