Category: how to manage money in retirement

Planning for the Risk of Ill Health in Retirement 

Good health is one of our greatest assets, but as we age, the reality of increased health care expenses can no longer be ignored. Optimism and healthy habits like exercising and eating well are important, but financial planning for potential health-related costs is just as critical. At Wealthy Choices®, I guide clients in creating comprehensive […]

Navigating the Risk of Low Interest Rates in Retirement 

For decades, savers could rely on steady interest from certificates of deposit (CDs) to grow their wealth without taking on significant risk. However, today’s persistently low interest rates present a unique challenge for retirees who want their money to work harder without jeopardizing their principal. At Wealthy Choices®, I help clients navigate these financial waters […]

Preserving Your Purchasing Power in Retirement 

When you think about your money, it’s comforting to believe it’s safe in the bank, especially with the Federal Deposit Insurance Corporation (FDIC) protecting deposits up to certain limits. While this security ensures your principal is protected, there’s another layer of financial risk many overlook: risk to purchasing power.  At Wealthy Choices®, I often guide […]

How to Evaluate the Value of Your Home in Retirement: Key Questions to Ask Yourself 

As you transition into retirement, one of the most important decisions you’ll face is whether your home still serves your needs. For many, the home holds a lifetime of memories and attachments. But as your lifestyle evolves, the practicalities of maintaining your home may no longer align with your goals and needs. Evaluating the value […]

3 Real Scenarios When Deciding to Keep Your Home in Retirement 

As you step into retirement, the question of whether your home still meets your needs becomes increasingly important. It’s not just about the financial cost, but about how your home aligns with the life you envision for yourself in this new phase. Three individuals—Ed, Marguerite, and Evon—each took a different approach to this critical decision. […]

Is Your House Still the Right House for You After Retirement? 

As you transition into or continue through retirement, one of the most important questions to ask yourself is: Is my house still the right house for me? This question isn’t just about the practical aspects of homeownership, but also about how your home fits into your changing lifestyle, financial situation, and emotional well-being.  For many, […]

Designing Your Ideal Retirement: How to Make the Most of Your Time and Money 

Retirement is more than just a financial milestone; it’s an opportunity to redefine your life and focus on what truly brings you joy. Whether you’ve just retired or are in the planning stages, there are two critical aspects to consider: how you want to spend your time and how to allocate your financial resources. By […]

Deciding How to Spend Your Money in Retirement: Making the Most of Your Financial Freedom 

As you enter retirement or start planning for it, one of the key decisions you will face is how to allocate your money. While your time in retirement is precious, your financial resources are equally important, and the two are closely connected. What do you want to spend your money on? How can you balance […]

Defining Your Retirement: How Do You Want to Spend Your Time? 

As I’ve helped many clients transition into retirement, one of the most important questions I ask them is, “How do you want to spend your time?” Retirement isn’t just about financial security; it’s about designing your life around the things that bring you joy and fulfillment. For me, retirement planning is not just about money—it’s […]

Are There Better Places to Live During Retirement? 

Retirement opens up a world of possibilities, including the option to live wherever you want. Without the constraints of a job or raising children, you have the freedom to consider whether your current home is truly the best place for you during this new chapter of life. Whether you’re drawn to warmer climates, retirement communities, […]