For years, you worked hard and put away money so that one day you’d be able relax and enjoy your retirement years. Now that you’re there, you can do more of the things you love, like spending time with grandkids and pursuing hobbies that once took a backseat to your career.
Unfortunately, retirement can also bring its fair share of stressors, especially when it comes to finances. Without a full paycheck arriving every couple of weeks, you will need a new level of discipline to maintain a comfortable lifestyle. By understanding how to create a budget, manage your investments and prepare for future medical needs, you’ll ensure that this new phase of your life is a satisfying one, rather than a time of excess anxiety. First stop: getting a clear picture of your finances.