Coping with Changes as Retirement Begins

Retirement can often present itself as a mixed blessing. It is a phase of life that takes much adjustment for some, while others hit the ground running. During our working years, we mentally categorize our retirement assets them as something needed for another day. But when that day arrives, making that transition can be a struggle to withdraw from retirement accounts after the years of hard work of building them.

Among the concerns for more retirees are:

  • Finding a balance between preserving retirement assets and living the lifestyle you hoped to live
  • Preparing to need more care and adjust your day to day living as you age by investigating long term care insurance and other health care options
  • Tapping the equity in your home
  • Choosing pension payment options Passing wealth to younger generations through estate planning and gifting programs
  • Comparing retirement projections to current spending and asset value changes
  • Focusing more on maintaining assets versus growing them

August Wealth Management has extensive experience in this area and can provide peace of mind to its clients who are struggling to find comfort in the unknown. This is a time in your life where you will want to be as educated as possible about the realities of your situation while also enjoying the benefits of all of those years of focused and dedicated savings and focus on maintaining the discipline of a well-reasoned financial plan.

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