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iStock / Getty Images En español For decades, through career and family ups and downs, you have relentlessly saved and invested for retirement. Yet, you dread the thought of running out of

money. Many people do. A recent study by Zety of more than 800 individuals showed that 47 percent feared retirement more than illness and poor health, and 40 percent more than death. Some

concern is warranted. A study by the Boston College Center for Retirement Research’s National Retirement Risk Index (NRRI), conducted before the COVID-19 pandemic, indicated that 50 percent

of households may lack the funds to continue their standard of living once work stops. That number is now 55 percent. But let's say the numbers in your portfolio show that things are

good. Now that you are retired, or are nearing that point, it’s time to start spending a little to enjoy life more. It’s time to create a list of things you have dreamed of doing. Not

convinced? Mark Wilson, a certified financial planner (CFP) at MILE Wealth Management in Irvine, California, is not surprised. Regardless of their ample savings, some of his clients picture

the worst possible scenario down the road — they are poor, homeless and living under a bridge. "There is no reason to be stressed, and we help them understand that," he says.

“Numbers and logic help some to see their situation more clearly; others feel better knowing that we will protect them from that bridge.” NOW OR MAYBE NEVER Realistically, the time for fun

may be short. Many folks in their mid-60s have an ailment that limits their mobility, says James Shagawat, a CFP at AdvicePeriod in Paramus, New Jersey. "By the time some people let

themselves spend on dining out, vacations, charitable giving, or their children and grandchildren, they are no longer in the physical condition to enjoy it.” Patti Black, a CFP at

Bridgeworth Wealth Management, LLC, in Birmingham, Alabama, has two clients in their 90s with $2.7 million in investments. Still, they worry about a shortfall and becoming dependent on their

kids. “The wife wishes they could travel with the family, but now, their physical health and the pandemic are making this difficult. It is sad to hear her express that longing.” If you or

your partner are having trouble letting go, a financial planning professional can help. You can find a qualified financial planner with the Financial Planning Association’s PlannerSearch

tool. In the meantime, consider these tips from experts around the country. They emphasize that the transition from saver to spender may require time and different approaches. 1. REVIEW YOUR

FAMILY HISTORY Understanding your relationship with money is a first step toward learning to spend appropriately, says Byrke Sestok, a CFP at Rightirement Wealth Partners in Harrison, New

York. “Many baby boomers' parents grew up through the Great Depression, so they were raised to believe that everything could be gone tomorrow. Having plenty in reserve is a handed-down

script.” Sestok suggests finding a planner who can help you see the roots of your emotions about money, so you can work through issues that challenge the pursuit of your goals. 2. WORK WITH

YOUR PARTNER Spouses or partners will have their own feelings about retirement, as well spending versus saving. The transition into retirement can put a major strain on a relationship, says

Danielle Harrison, who is a CFP, and a certified financial therapist (FT) at Harrison Financial Planning in Columbia, Missouri. “I like to see couples work with a holistic CFP, who can look

at all aspects of their situation, and create projections that can help put their minds at ease.” For more help, she suggests working with an FT who can help them talk about their fears.

Otherwise, it may not be possible to move forward. “It can be helpful for partners to hear the other person’s stories.” 3. CREATE A SAFE AND PRACTICAL PLAN Kristin Sullivan, a CFP at

Sullivan Financial Planning in Denver, says a planner can determine how much you can safely withdraw from investments in the next year. You divide that figure by 12 and have that amount

automatically transferred to your checking account each month. “If you designate that these withdrawals be made two weeks after your Social Security check comes, it will be like getting paid

from a job again.” ​To help her clients adopt more of a spending mindset, Linda Farinola, a CFP at Princeton Financial Group in Princeton, New Jersey, also suggests creating a budget for

regular living expenses, starting small when it comes to spending, and making a list of what you would like to do. “Revisit this plan each year to make sure that things are still on track

for the long term,” she says.​ ------------------------- AARP MEMBERSHIP -JOIN AARP FOR JUST $15 FOR YOUR FIRST YEAR WHEN YOU ENROLL IN AUTOMATIC RENEWAL Join today and save 25% off the

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RIGHT QUESTIONS What would happen if you spent more and saved less? What if you spend more on travel or increase your donations to charities? Shagawat also asks about pressing concerns. Do

you have a child who is struggling financially, or do you have Alzheimer’s or other ailments in the family history? “Finally, we ask ‘What would give you the greatest satisfaction each

year?' The planning process is designed to grant 'permission' to do these things,” Shagawat says. 5. CREATE THAT BUCKET LIST, WITH BANK ACCOUNTS TO MATCH​ Larry Ginsburg, a

CFP at Ginsburg Financial Advisors in Oakland, California, encourages his clients to create a bucket list, ‘nudging’ them to enjoy themselves before it is too late to avoid regret. Matthew

Aaron Benson, a CFP at Sonmore Financial in Chandler, Arizona, suggests setting up separate bank accounts for those items to give yourself permission to spend. “Many banks allow you to give

savings accounts a nickname. For example, one could be the ‘travel to Ireland’ account. This will help, because in your brain, these funds have already been spent.” ​6. PRACTICE SPLURGING, 

MAKE LETTING GO A GAME Small splurges can also help you to experience your life differently, says Andrew Marshall, CFP at Andrew Marshall Financial LLC, in Carlsbad, California. “On your

next trip, stay in a Ritz-Carlton or other hotel above your usual level. Buy a business-class ticket for the first time.” Then, gradually, upgrade your lifestyle in other areas, as you get

used to allowing yourself to use some of your hard-earned dollars. Patrick Lach, a CFP in Louisville, Kentucky, and an assistant professor of finance at Indiana University Southeast,

“gamifies” the process, encouraging his clients to draw a fixed percentage of their portfolio around the same time each year that exceeds their day-to-day spending needs. “I challenge them

to spend this over the next 12 months on a vacation or other nondiscretionary expense or earmark it for a future splurge.” For this to work, he says, the amount for living expenses, and for

fun, must be sustainable. “This approach works for clients whose pension and/or Social Security checks cover most or all of their day-to-day needs,” he says.​ 7. CREATE MEMORIES YOU WILL 

TREASURE In the end, spending on others may be easier, says David Bize, a CFP at First Allied in Oklahoma City, Oklahoma. He encourages grandparents to spend on shared experiences with their

grandchildren, including vacations, performances or famous museums, or on their education. “It could be Montessori preschool, as early childhood education is crucial, or private K-12 school

and college.” Black and her sisters took three father-daughter trips with her dad after their mother died in 2018. “He had never been west, so we went to Washington, Oregon and Montana. He

died in February of this year. The memories from these trips are priceless.”  _Patricia Amend has been a lifestyle writer and editor for 30 years. She was a staff writer at _Inc._ magazine;

a reporter at the Fidelity Publishing Group; and a senior editor at Published Image, a financial education company that was acquired by Standard & Poor’s._ ALSO OF INTEREST * Learn how

to Ace Your Retirement * 5 mistakes couples make when planning for retirement