Moving from receiving a regular paycheck to a withdrawal strategy can be an emotional step. Shifting from a pattern of saving to withdrawing can sometime create angst. It is more than a mindset reset as the technical side of money can sometimes conflict with the emotional side.
Our relationship with money can sometimes be challenging and understanding your financial identity may help in the transition from earning money to using your hard earned, and saved, money.
Feeling confident in your retirement distribution strategy often begins with understanding your personal money story and being grounded in your values and clear in your goals. Additionally, financial knowledge and skillset may feel challenged moving to the retirement phase. We encourage inquiry of information from a reliable source such as a financial advisor. Finally, your experiences with money may feel more influential during periods of life changes, or transitions, like retirement. These components when combined lead to behavior.
Moreover, our conscious and subconscious biases may feel more prevalent during times of change.
You might be feeling this long desirable time of your life seems more complicated than working! It doesn’t have to be. Many transition to retirement quite comfortably - financially and emotionally. They prepared for their day of financial independence and embrace it with gusto.
If you have yet to prepare for your independence day consider seeking guidance from a professional to help you flesh out your dreams, help you understand your financial identity, and create a plan of action to live your retirement years brilliantly.
Call us at 602.923.9800 or email affinitywealthadvisorygroup@ampf.com for a complimentary consultation.
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