• The Hardest Part About Retiring and How to Overcome It

  • May 21 2024
  • Length: 15 mins
  • Podcast

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The Hardest Part About Retiring and How to Overcome It

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  • Summary

  • In this episode, "The Hardest Part About Retiring Explained," we tackle what many folks find tough about switching from saving to spending in retirement. After years of saving up and watching your retirement fund grow, it hits you—you're retired and that regular paycheck stops. Suddenly, the thought of pulling money out of your savings feels all wrong. It's a big shift, and it scares a lot of people into either going back to work or just delaying retirement because they can't face that change.


    Key Topics:

    • Saver’s Mentality (02:09)
    • Overcoming Saver’s Mentality (05:29)
    • #1: Establish a Formal Retirement Plan (06:19)
    • #2: Force Yourself to Take Money Out of Your Accounts (08:51)
    • #3: Get an Accountability Buddy and Set Spending Goals (11:10)
    • Bottom Line: It’s Okay To Spend Your Hard-Earned Money (12:57)


    This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/ If you need specific advice you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com
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