09/10/2019
Close to 30 years of crafting customized retirement income plans has taught me a very valuable lesson - mental preparation for retirement is at least, if not more important, than financial preparation.
Not only will the process of mentally preparing for what you want to do, when you want to do it, who you want to do it with, and how big you plan to do it, not only significantly reduces the emotional stress of retirement, it also provides the clues to identifying where and when to rely on your many cash flow sources during your draw down years. Good choices lead to the ability of doing even more and worry even less.
Unfortunately, most retirement conversations are solely focused on preparing for the financial side of retirement. It has people chasing numbers - not desired life outcomes. Richard Quinn's article does a very good job of capturing important retirement lessons from a more balanced perspective.
How to plan, save and keep calm.
