Would you like to simplify your retirement planning and create income you don't worry about? This episode is a revisit of my “buckets of money” approach to retirement income planning. This system divides your assets into short-, mid-, and long-term buckets, giving you a simple way to organize your money, create clarity around your investments for that money, and allows you to feel more confident about your retirement.

I’ve seen how much anxiety can come from having all your retirement assets sitting in one large investment account and then hoping for a great market performance. The buckets approach gives retirees a different way to think about their money, one that can make their retirement plan easier to understand and easier to live with. All of my clients who have adopted this approach tell me they love the simplicity of it and they remember how to do it, without a refresher - it really is that easy!

Key Takeaways:

• Know Your Needs: To begin this approach, you'll need to know how much monthly income you need to live on. We can subtract out your Social Security benefits to get what you'll need to withdraw.
• Stress-Free Living: This approach is meant to have you sleeping like you did prior to retirement, not worrying about your money and the market.
• Keep It Flexible: Your plan isn’t set in stone! Revisit your income needs, adjust your buckets as life changes, and make use of side accounts for travel or unexpected expenses.

Want to learn the full process? Listen to my latest podcast episode or reach out if you want to see how this could work for you!

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Follow for more financial tips:

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Book a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us

Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

Retirement isn’t just about the numbers. It’s an emotional journey full of ups and downs, evolving dreams, and completely unexpected challenges in the first years. In this episode, I talk about what retirement looks like beyond the financial spreadsheet. After years of working with clients making the transition, I’ve noticed common themes that can help you transition seamlessly into your new phase of life.

The 6 Emotional Changes:

1. The Travel Expectation vs. Reality
2. Rebuilding Daily Routine and Time Management
3. Re-anchoring Your Social Circle & Relationships
4. The Mental Hurdle of Moving from Saver to Spender
5. Managing Loss Aversion & Financial Anxiety
6. Giving Yourself Permission to Enjoy Your Wealth

Whether you are years away or retiring tomorrow, learn how to overcome the fear of shifting from saving to spending so you can align your mindset and truly enjoy the wealth you’ve built.

If you enjoyed this episode, please follow and leave a review. Your support helps others discover the show.

Follow for more financial tips:

· Subscribe to the Podcast: https://pod.link/1671924778

· Facebook: https://www.facebook.com/theunconventionalinvestorpodcast

· Instagram: https://www.instagram.com/michelle.e.moses

· Book a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us

Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

Should you retire now or later? In this episode, I'm joined by Greg Kurinec, CFP, where we discuss our experience with clients planning for retirement. We share our experiences in helping clients transition into retirement, talk about why common advice like "you'll need less money in retirement" can be misleading, and the importance of planning for both the financial and emotional sides of this major life change.

Whether you're ten years away from retiring or just starting to think about it, this episode will give you information on projecting your needs, managing spending, and creating a purpose-filled retirement. Tune in to learn why a successful retirement is about more than just the numbers, and how you can prepare for the life you really want after work.

Key Takeaways:

• You probably won’t spend less in retirement: Your lifestyle isn’t going to shift overnight, and you may even spend more in your early retirement years as you check off bucket list experiences and enjoy your newfound freedom.

• Look at taxes: Don’t overlook taxes on pre-tax retirement accounts (like IRAs and 401(k)s). Taxes are often a retirees’ largest expense, and failing to anticipate withdrawals can throw off your entire plan.

• A successful retirement plan goes beyond finances: The transition to retirement isn’t just financial; it requires emotional preparation, too. Purpose, social connection, and active planning for your identity after work are as important as the money is to a fulfilling retirement.

Greg Kurinec of Pennant Planning: https://pennantplanning.com/contact/

If you enjoyed this episode, please follow and leave a review. Your support helps others discover the show.

Follow for more financial tips:

• Subscribe to the Podcast: https://pod.link/1671924778
• Facebook: https://www.facebook.com/theunconventionalinvestorpodcast
• Instagram: https://www.instagram.com/michelle.e.moses
• Book a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us

Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.