How Do You Plan and Save for Retirement?

August 16, 2017

Saving for retirement and spending what you save: How do you know when one stops and the other starts? There will come a point in your life when you stop saving and start spending your retirement. When is that point? This is one of the biggest questions we get asked and can be one of the biggest decisions in your life. Knowing when to leave the work force and enter the retired life is extremely difficult. It’s the “what if’s” and unknown that stop people from spending their retirement, but the good news is you can plan for that!

Meeting with a financial advisor will help ease the fear of transition and help ensure you have a successful retirement. Just like going to your physician for yearly check-ups, meeting with your financial advisor will ease your worries and ensure you are on track for a happy and long retirement. You’ve been saving for your retirement your whole career, now is the time to spend it.

At Ashton Wealth, we speak regularly with the family and children of retirees. We deal with the conversations that revolve around what happens after a loved one passes away and where their assets go. This time in the market has been great, but do you have a plan if there is another big decline?

This market can’t go on forever without some correction. We don’t know when or how, but we do know it will happen. When will the other shoe drop, and are you prepared?

Is Retirement Just One Big Vacation?

We see clients every day who love looking at retirement as a great adventure. Many pre-retirees view retirement as a time to travel the world, sit on the beach, and enjoy the freedom of not working. Although this is a wonderful dream, and we encourage pre-retirees to take some time for themselves, that lasts about two years.

Retirees quickly realize they have more capacity than just vacationing; they want to do more with their time. They’ll pick up a hobby, go back to school or find a part-time job. Retirees know the more they study and keep their minds active, the less likely they are to develop a disease like dementia or Alzheimer’s. As a retiree, you don’t want to go stagnant; you want to stay active and engaged.

If you’re unsure about your financial status in retirement, speak to a financial advisor today! To learn more about annuities and retirement planning, contact Ashton and Associates at