Are You Planning For A Boring Retirement?

Are You Planning For A Boring Retirement?

Jason Demland

August 21, 2023

First Answer The Main Question

When I’m helping people through retirement it’s helpful to do a lot of imagining about the future. Most of the time people come to me to help them with math problems. The number one concern folks have when I am meeting with them is “Will I run out of money?”

Usually I can help answer that question with asset allocation recommendations, distribution strategies, tax planning, social security planning, health care planning, and more. It really depends on how much money you’re planning to spend and give and how long you think you’ll have to do it. I have software and spreadsheets and calculators for this.

Once we can be pretty certain you won’t run out of money, what’s next?

Now What?

Now that you don’t have to work what are you going to spend your time on?

Hobbies are great and fulfilling. Definitely take time to rest. Play golf. Fly balloons. Build cars. Learn a language or play music. Enjoy life. If you were out of balance on the work-rest-work-rest rhythm of life before, retirement is a great time to get back into it.

Retirement years should be another phase of dreaming and working and resting. You can accomplish so much still. It doesn’t have to be anything radical, but make sure you’re building into your retirement plan some fantastic and amazing things.

Do It Now

You don’t have to wait until you’re retired to rest or to dream. Do it now. Life is about much more than paying bills. Get your finances under your control. Figure out what’s important now so that you can use your money on the things that line up with your values.

Soli Deo Gloria!

Post Views: 427

Subscribe to my newsletter

Join my newsletter and get biblical financial inspiration.

Demland Wealth LLC (“DW”) is a registered investment advisor offering advisory services in the State[s] of OH & IN and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training.

This communication is for informational purposes only and is not intended as tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This communication should not be relied upon as the sole factor in an investment making decision.

Past performance is no indication of future results. Investment in securities involves significant risk and has the potential for partial or complete loss of funds invested. It should not be assumed that any recommendations made will be profitable or equal the performance noted in this publication.

The information herein is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Demland Wealth LLC (referred to as “DW”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.

All opinions and estimates constitute DW’s judgement as of the date of this communication and are subject to change without notice. DW does not warrant that the information will be free from error. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall DW be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the information provided herein, even if DW or a DW authorized representative has been advised of the possibility of such damages. Information contained herein should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.