Many retirees are afraid to spend their savings and feel like they don't have permission to do so. Studies show that only 52% of people feel like they can spend their money. It's important for retirees to give themselves permission to spend and enjoy their retirement. Having a retirement plan that replaces the paycheck and provides a clear income strategy can give retirees the confidence to spend. Building a budget and understanding monthly expenses can help retirees visualize their spending and plan for the future. Having a team of financial professionals to monitor progress and provide reassurance is also important.
To learn more about how Sam and his team can help you craft your own 365 Retirement Plan, log onto https://rlwealthpartners.com/ to get started.