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.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson, and Hawes Dickerson. Members SIPC.
