New Delhi, June 24 -- Many retirees spend decades building wealth but struggle to spend it on themselves even after achieving financial security. The habit of saving becomes so deeply ingrained that they continue denying themselves comfort long after the need for sacrifice has passed. Here's a closer look at this mindset trap and what you can do to help your parents enjoy the wealth they worked so hard to create.

Rs.3 crores savings. Debt free house. Still he runs AC for exactly 1 hour a day in heat of June and then sweats it out as "Electricity bill is a waste. I see this very frequently. I call it Switch Failure," Abhishek Kumar, SEBI-registered Investment Adviser (RIA) and Founder of SahajMoney writes on Linkedin sharing a real-life e...