How Your Mindset Affects Financing Your Retirement
Episode description
On this week’s episode of the Secure Retirement Podcast, we continue our series on the concerns of members of the Florida Retirement System (FRS), focusing this week on the mindset of retirement and what that means for your planning process. And, if you’re not a member of the FRS, stay tuned because the information provided in this series is still applicable to any recent retirees, or those in the planning stages.
John says, “When you retire, every day is a Saturday. What do you do on Saturdays? Whatever you want. However, when do you spend the most money? During the week when you're working, or on weekends? Usually on the weekends. So, when you retire, if you truly retire and don't work anymore, every day becomes a Saturday, and you're more likely to spend more money because you're doing more things. We're going to touch on that today.”
We chat about the retirement mindset, as well as:
- Determining what retirement looks like for you— will you stop working entirely or start working in a different capacity?
- How your mindset will affect how you finance your retirement
- Considerations around Social Security and Medicare
- And more