Today’s Hack
It’s the beginning of a new year – a time when many of us make resolutions to improve our lives. But how often do we resolve to improve the way we feel about our finances? In the latest episode, Phil explores the crucial transition from saving to confidently spending your hard-earned funds.
We’ll discuss setting realistic goals, overcoming fears of depleting savings, and the psychological shift from accumulation to decumulation. Learn about establishing regular monthly distributions, creating a “fun money” fund, and aligning retirement plans with your spouse. Empower your golden years with Phil’s expert strategies for a secure and fulfilling retirement.
Here’s what we discuss in this episode:
0:00 – Intro
1:51 – Spending with confidence
8:41 – Spending guardrails
12:02 – Tips for those who are afraid to spend
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.