It’s the beginning of a new year – a time when many of us make resolutions to improve our lives. But how often do we resolve to improve the way we feel about our finances? Today, we’re talking about spending with confidence, a surprising challenge for many retirees.
Mike tackles common fears about depleting hard-earned savings and the uncertainty of relying solely on Social Security. We’ll also introduce the effective three-bucket strategy—allocating funds into market investments, cash reserves, and secure accounts—to ensure both growth and stability. Finally we’ll discuss the benefits of automating withdrawals and the importance of legacy and charitable giving.
Here’s what we discuss in this episode:
0:00 – Intro
1:19 – Why the reservations?
4:20 – Easing spending fears
5:59 – Overconfidence
8:00 – Spending strategies
If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.
You can also watch Retirement Reality on Demand here: https://bit.ly/40VIByr
