Have you ever tried a kale chip? I hadn’t until the other day. A coworker had made some and insisted I try one. I was very resistant. I had no idea what kale was going to taste like, or even if they were a good cook. I only knew what had heard from others. That kale was bitter, gave you a bad after taste, or that the only reason to eat it was because you told to get healthier. That didn’t sound like anything I wanted to be a part of. Bottom line, the fear of the unknown was holding me back. You often hear that people are worried that they are not saving enough. What if you aren’t spending enough?
Don’t be afraid of the past. Plan for your future. Enjoy the present that is your Retirement.
After retirement many will hoard cash as a way to be prepared in case of unseen expenses or a desire to leave money to heirs. It’s important to always have an emergency fund, but what is the point of being retired if you’re not going to enjoy your new found free time? Many people still have scars from the last recession and rightfully so. You need to be aware of the amount of risk you are taking, and reevaluate your funds every year, or so. If the retirement you envisioned was simply sitting at home relaxing, then by all means enjoy it. Most people, however, have big travel plans or purchases in mind for retirement. As long as you planned well, you should not be afraid to spend a little of the money you have and enjoy your retirement. You earned it.
Start planning now to spend later. We field questions, and concerns, from clients and listeners every week. Enjoy your retirement. Spend a little bit on yourself. Don’t let fear of not having enough money later hold you back. Even if it’s a fear of trying kale chips which turned out to be pretty good in my opinion. If you missed this show, or any others, check it out here,
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“If you can’t ignore an insult top it; if you can’t ignore it, top it; if you can’t top it, laugh at it; if you can’t laugh at it, it’s probably deserved.” – Russell Lynes
• Why many retirees end up richer in their 70’s and 80’s (4:18)
• Caller asks if he should wait for a market pullback. (8:50)
• Quote of the Day (18:18)
• Good question about when to reevaluate the risk in your portfolio. (27:38)
• Social Security will withhold if you make too much. (32:45)