How to Overcome Fears of Spending in Retirement

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 24 September 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ben has been a saver his entire life, which helped position him for an early retirement at the age of 53. Yet, he faces a big challenge. Having maintained his modest lifestyle, Ben’s comfortable portfolio has continued to grow and has nearly doubled in value. James and Ben discuss the challenges of making mindset shifts and the proactive steps Ben has taken to encourage himself to spend more. Questions answered: How did Ben decide to retire when he was in his peak earning years? What are t...

Transcript

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0:00.0	My guest on today's podcast is Ben. Ben saved aggressively so he could retire at the age of 53.
0:05.6	And although he's really enjoying retirement, he's finding it's very difficult to spend money on certain things.
0:10.3	As he's gotten older, he realizes that his healthy years won't last forever, and he also shares a new system that he's implemented that actually makes it easier to spend money on certain things.
0:19.5	Listen and as Ben shares his secrets for what's worked
0:21.7	and how it's led to some amazing memories
0:23.6	that he wouldn't have experienced otherwise.
0:25.9	It's all coming up next on today's episode
0:27.5	of Ready for Retirement.
0:31.0	This is another episode of Ready for Retirement.
0:33.6	I'm your host, James Cannell,
0:34.9	and I'm here to teach you
0:35.8	how to get the most of the life with your money.
0:37.9	And now, on to the episode.
0:41.5	Joining me on today's episode, Ready for Retirement is Ben.
0:44.9	Ben, thanks for joining me.
0:46.5	Thank you very much, James.
0:47.9	Glad to be here.
0:49.4	Well, let's jump right in.
0:50.8	You're retired today, but take us back to when you retired and what you did
0:55.3	for work prior to retiring. Okay. I was a account rep for a manufacturing company here in the
1:01.2	Cleveland area. That was pretty much my career for most of my adult life, 28 plus years.
1:07.9	And I was probably in my mid-30s when I decided that I was not going to want to work
	...

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