From Saver to Spender: Managing Your Money in Retirement
We all know that “retirement” no longer means just one thing.
Some may stop working altogether, but many others will continue to work in some capacity—whether or not that includes receiving a paycheck. Many of us will choose to seize these years as a time to try something new, to follow a long-held passion.
Regardless of the lifestyle choices you make, you’re part of the smart minority who have crunched the numbers and followed a plan. You understand how the financial markets work, and you’ve built a well-diversified portfolio. In short, you’ve done everything right.
But now that your once-distant dream of retirement is at hand, what surprises you is how unsettling it can feel to switch from being a saver to being a spender. All the pie charts and spreadsheets in the world can’t necessarily alleviate your fears about outliving your money or maintaining your lifestyle.
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