Uploaded July 2026 | Updated September 2026, 3 weeks ago
Are retirees too afraid to spend their retirement savings? Learn why most retirees withdraw far less than the 4% rule, how guaranteed income changes spending behavior, and practical strategies to overcome retirement spending anxiety, maximize Social Security, and build a confident, financially secure retirement.
CHAPTERS
00:00 Why Most Retirees Die with More Money Than They Started With
00:25 The Retirement Spending Gap: 2% vs. the 4% Rule
02:03 Why Retirees Fear Running Out of Money
02:57 The 80/50 Rule: Why Income Gets Spent but Savings Don't
04:18 Three Reasons Retirees Underspend Their Retirement Savings
06:18 Guaranteed Income vs. Investment Withdrawals Explained
09:35 Required Minimum Distributions (RMDs) Change Spending Habits
10:48 4 Ways to Feel Comfortable Spending Your Retirement Savings
12:31 Calculate Your Retirement Income Floor & Spending Plan
12:55 Watch Next: 5 Retirement Expenses You Can Cut Today
___________
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Take Our 2 Minute Retirement Readiness Quiz
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2026 Social Security Quick Guide
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Note: You will also be added to our list and receive free tips, tricks and other useful information by email a few times per week. Of course you can unsubscribe at any time.
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✅ GET GEOFF’S COURSE, SOCIAL SECURITY SIMPLIFIED
Confused about how Social Security works for you? Go from beginner to confident in under 5 hours with our course: Social Security Simplified. Get $60 off with coupon code: 60OFF
HolySchmidt.com/SocialSecurity
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✅ COMPANIES WE SUPPORT AND SPONSOR
BOLDIN
If you're still using spreadsheets for your financial planning, you're doing it the HARD WAY.
Check out the best planning software I've found - BOLDIN (prev. NewRetirement) personal financial planning software. Free 2 week trial and $12 mo ($144/yr after). I use it and recommend it.
Use this link to try Boldin for free for 2 weeks: https://hlyshm.it/Boldin
Please note: On this channel we only have 3 affiliate relationships. Boldin is one of the three. If you purchase their product or use their service, we receive a small fee. This does not increase your cost. Affiliates help us pay for the cost to operate the channel.
___________
Geoffrey Schmidt, CPA Bio:
Geoff Schmidt is a CPA and member of the American Institute of Certified Public Accountants (AICPA). Geoff specializes in personal financial education for those approaching or in Retirement. Geoff spends 100% of this time on financial education through social media.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.
Are retirees too afraid to spend their retirement savings? Learn why most retirees withdraw far less than the 4% rule, how guaranteed income changes spending behavior, and practical strategies to overcome retirement spending anxiety, maximize Social Security, and build a confident, financially secure retirement.
CHAPTERS
00:00 Why Most Retirees Die with More Money Than They Started With
00:25 The Retirement Spending Gap: 2% vs. the 4% Rule
02:03 Why Retirees Fear Running Out of Money
02:57 The 80/50 Rule: Why Income Gets Spent but Savings Don't
04:18 Three Reasons Retirees Underspend Their Retirement Savings
06:18 Guaranteed Income vs. Investment Withdrawals Explained
09:35 Required Minimum Distributions (RMDs) Change Spending Habits
10:48 4 Ways to Feel Comfortable Spending Your Retirement Savings
12:31 Calculate Your Retirement Income Floor & Spending Plan
12:55 Watch Next: 5 Retirement Expenses You Can Cut Today
___________
✅ 100% FREE DOWNLOADS - (NO CREDIT CARD, NO PHONE NUMBER)
Take Our 2 Minute Retirement Readiness Quiz
Receive Our Free 12 Page Custom Report e-mailed instantly: HolySchmidt.com/Quiz
2026 Social Security Quick Guide
1 Page Report e-mailed instantly: HolySchmidt.com/QuickGuide
Note: You will also be added to our list and receive free tips, tricks and other useful information by email a few times per week. Of course you can unsubscribe at any time.
___________
✅ GET GEOFF’S COURSE, SOCIAL SECURITY SIMPLIFIED
Confused about how Social Security works for you? Go from beginner to confident in under 5 hours with our course: Social Security Simplified. Get $60 off with coupon code: 60OFF
HolySchmidt.com/SocialSecurity
___________
✅ COMPANIES WE SUPPORT AND SPONSOR
BOLDIN
If you're still using spreadsheets for your financial planning, you're doing it the HARD WAY.
Check out the best planning software I've found - BOLDIN (prev. NewRetirement) personal financial planning software. Free 2 week trial and $12 mo ($144/yr after). I use it and recommend it.
Use this link to try Boldin for free for 2 weeks: https://hlyshm.it/Boldin
Please note: On this channel we only have 3 affiliate relationships. Boldin is one of the three. If you purchase their product or use their service, we receive a small fee. This does not increase your cost. Affiliates help us pay for the cost to operate the channel.
___________
Geoffrey Schmidt, CPA Bio:
Geoff Schmidt is a CPA and member of the American Institute of Certified Public Accountants (AICPA). Geoff specializes in personal financial education for those approaching or in Retirement. Geoff spends 100% of this time on financial education through social media.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.
