I recently caught up with one of my clients that recently retired. She loves the outdoors and water. She wants to put in a pool in her backyard but exclaimed, “It’s so much money!” Backstory is that she is financially sound, house is paid for, has multiple streams of retirement income, and is well positioned for financial success. However, it is hard for her to spend money.

Sometimes, we work so hard saving for retirement and making sure we won’t outlive our money. But then, when we get there, it is difficult to spend on the things we enjoy and see our nest egg go down. That is understandable. However, just remember, you have worked hard to get to this point and you owe it to yourself to pursue some of the things that you have always dreamed of doing in retirement (as long as your financial situation permits). If you have a trusted advisor, work with him or her on developing a plan that will balance enjoying your hard earned money and still maintaining a high probability of retirement success. That way, you will have the peace of mind to live freely while still maintaining your financial plan.

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