This article is Part Two of a Series.
Retiring is one of the biggest life decisions individuals make during their lifetime. It is also one of the most exciting. Most people view retirement as a financial decision, and that is true. However, it’s equally important to consider mental and physical health alongside financial health when planning to retire.
Shifting Mindsets
Throughout the working years, many individuals focus on saving and planning for retirement. But when that day finally arrives, the shift from saver to spender can feel uncomfortable. It can be difficult to start drawing down on the funds that took decades to build up, and that feeling is completely valid.
What it really boils down to is that simple, but important, question: Am I going to be okay?
Read the full article on the PBMares Wealth Management website.
This two-part series explores common financial risks to consider before retiring. The previous installment, Retirement Is Not Just About Wealth. It’s About Well-Being, focused on the importance of being financially prepared for retirement, but retirees often need to mentally prepare as well.
