Retirement changes everything — especially how you feel about your money. After years of saving, spending can feel uncomfortable. But a clear strategy helps you move forward with confidence.
Start with a conservative budget and give yourself permission to spend those amounts. Next, consider adding guaranteed income, like an annuity, to create steady cash flow.
A cash cushion helps you avoid selling in down markets, so try to keep about a year of withdrawals in a cash account and three to five years of withdrawals in short-term investments.
Review your plan at least annually and adjust after major life changes. And stay flexible — adjusting spending when markets decline can help your retirement strategy endure.
With a thoughtful approach, you can help make your savings last and enjoy the retirement you’ve earned. A financial advisor can help you build a strategy tailored to your goals and your lifestyle.
Jacob Anderson / Financial Advisor / 28200 HWY 189 Suite 03-160 / Lake Arrowhead, CA 92352 PH:(909) 337-8188. This content was provided by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, Member SIPC.
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