Sentence:  “Making plans based on professional advice can help you avoid overspending or <WSD>underliving</WSD>,” said Cottee. “An advisor will support you in making decisions based on fact, not fear, and ensure you have access to all the strategies you need to live an enjoyable and rewarding life in retirement.” 
Meaning of the word marked with <WSD> tags:  To live in an overcautious or unfulfilling manner.