4 Essential Tips to a Perfect Retirement

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Transitioning from Saver to Spender in Retirement

Difficulty shifting from saving mindset to spending retirement funds.

Behavioral and emotional challenges in adjusting spending habits.

Creating a financial cushion for unexpected expenses.

Focusing on personal values and spending on meaningful things.

Practicing spending habits before retirement.

Planning for Different Life Stages in Retirement

Retirement involves distinct phases: go-go, slow-go, and no-go.

Go-go phase: increased spending due to health, travel, and activities.

Slow-go phase: decreased activity and expenses, potential health-related increases.

No-go phase: reduced activity and expenses, potential downsizing.

Importance of open communication about end-of-life decisions and financial affairs.

Key Financial Milestones and Planning in Retirement

IRA/SEP IRA withdrawals at 59 1/2 to avoid penalties.

Social Security availability at 62, full retirement age at 67.

Required Minimum Distributions (RMDs) starting at 73-75.

Creating Identity and Purpose in Retirement

Focus on relationships, hobbies, identity, and health for a fulfilling retirement.

Importance of maintaining close relationships (around 4).

Pursuing meaningful hobbies (around 4) to create purpose.

Developing a sense of identity beyond career.

Prioritizing health and physical activity.

4 Essential Tips to a Perfect Retirement

4 Essential Tips to a Perfect Retirement

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