Retirees' Financial Dilemmas: Living Cheap vs. Converting to Roth IRA

A couple in their 70s with $1.8 million in retirement accounts is struggling to find a balance between living frugally and enjoying their savings. The husband insists on maintaining a thrifty lifestyle, worrying about money and refusing to touch their retirement funds. The wife, on the other hand, wants to live a little nicer and upgrade their car. The key to resolving this issue lies in open communication and compromise. They should discuss their financial fears and goals, ensure equal access to retirement accounts, and consider running the numbers to determine their withdrawal rate and necessary expenses. Short-term financial goals and finding ways to enjoy retirement without compromising their financial security can also be explored.