Having spent your entire career being encouraged to save diligently for retirement, transitioning to a mindset of spending during retirement can be surprisingly difficult. In this episode, Frank tackles this issue and discusses the guilt that many retirees feel when using their hard-earned savings. He also shares three practical tips that you can easily apply to bolster your confidence in making sound financial choices in this new phase of life.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:29 – The struggle to spend in retirement
4:43 – The guilt element
6:45 – Tangible tips to consider
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Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend that you seek professional tax advice for applicability to your personal situation.
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