Many retirees spend less than they can afford to, or attempt to increase income,

leading to greater risk because of this mental framework. The fix: give yourself an
income in retirement that draws from both your income and capital.

Managed payout funds pay you a percentage in value annually. This annual “income”
is a mix of dividends and capital.
Another option is required minimum distributions (RMDs).

When you remove the decision of when to cash out, you make retirement spending
easier.

2. Avoid FOMO
Another retirement spending problem is when you feel regret for cashing out.
To avoid this fear of missing out (FOMO), try either using managed-payouts like we
discussed earlier or set up a specific sell schedule for your investments.

3. Most People Die Sooner Than They Think

Young people underestimate their longevity, older people overestimate it.
Overestimations like this are why retirees have so much trouble spending in
retirement.
Think about when you’re going to die, look at family history, your health etc. and
then shave a few years off that number. Spend accordingly.

4. “I Wish I Traveled Sooner”

There are two times in retirement: when you are healthy and when you are not. Plan
to travel in the first five years of retirement, then if you’re healthy enough to
travel after that, consider yourself lucky.

5. “I Wish I Learned How To Relax”

The problem is you’re not actually retiring. You’re simply swapping out work for
other activities that require your commitment on a weekly basis.
Instead of constantly trying to fill your calendar with things to do, learn how to
be comfortable enjoying the fruits of your labor. Sleep in, spend full days
reading, go for long walks.
Retirement is meant to be relaxing and care free. You don’t have to become a couch
potato, but also don’t feel like you have to keep yourself busy all the time.

6. “I Wish I Looked Into My Estate Sooner”

Estate planning is one of those tasks everyone procrastinates on. “It can wait
until tomorrow.” The reality is you never know if tomorrow will come. Bottom
line: get it done early.

Nilus Mattive

Elements of Healthy Living

Doctors recommend that you implement an exercise routine where you are getting in
at least 30 minutes of moderately strenuous activity 3-4 times each week. This will
help keep your joints moving and allow you to hone your strength and flexibility,
too. The benefits of healthy living will continue to pay off for years to come,
but how can you stick to these principles without breaking the bank?

1. Make Healthy Lifestyle Choices

Smoking and excessive drinking are two things that can seriously limit the
enjoyment of the latter years of your life.
2. Don't Skip Your Annual Checkups
Keep a personal record of your key health statistics such as blood pressure, waist-
to-height ratio, cholesterol levels and your A1C (blood sugar) levels. That way,
you'll be able to bring any abnormalities to your physician's attention at your
annual visits.

3. Look for Group Activities

4. Check Labels Carefully

Be careful to check the per-ounce or per-item cost when you're comparing two
products. Packaging size can vary dramatically between manufacturers and lead you
to think you're getting a better deal than you really are.

5. Volunteer
Healthy aging doesn't have to be expensive, requiring you to buy expensive gym
memberships, purchase high-end organic produce , and visiting remote day spas. You
can get many of the same benefits simply by moving your body, getting your vitamins
in, and stopping a few bad habits such as excessive drinking and smoking.
Brian Rose

Brian Rose

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