Emotional Preparation for Retirement

Emotional Preparation for Retirement

Retirement planning is about the numbers, but it also concerns the emotional side of transitioning from your accumulation years into a period where you begin to spend your savings. In this chapter, Rob talks about the identity shift that comes with retirement, how to reduce anxiety around finances, the importance of finding new meaning and purpose in this stage of life, and the benefits of focusing on the impact you still want to make.

Preparing for Market Corrections in Retirement

Market corrections often make investors, especially retirees, nervous that they will run out of money. Nobody wants to watch their portfolio value dip. But as Rob discusses in this chapter, looking at the market historically can help you see that volatility is normal and feel more confident about your options. He also walks through an illustration of assessing the asset allocation in your portfolio to ensure you are well-positioned if the market were to go down during your retirement years.

Do Retirees Need Life Insurance?

When you’re young, you need life insurance to take care of your family in case of your death and the loss of household income, but do you need it in retirement? As Rob shares in this chapter, the answer is that it depends on your specific situation and the size of your estate. 

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.