How to Transition your Finances After you Retire

Navigating what your finances will look like in retirement can be overwhelming. If you’ve wondered if you’ll outlive your money, watch this video to see how we can help:

When approaching retirement, a common fear among many people is outliving their money. One way we can help mitigate those fears is to work through a comprehensive financial plan, giving you confidence and clarity as you enter this exciting chapter in your life.

At Aristata Financial we personalize your financial plan to the life that you hope to live in retirement. There is no one-size-fits-all solution.

We start by identifying your goals and how you see yourself spending your time. Whether it’s traveling the world, buying a new car every few years, or leaving a legacy for your kids and grandkids. If you can dream it – we can build it into your plan.  

Then we look at your income sources like Social Security, pensions, investments, business value, and maybe rental property. We’ll craft a strategy to withdraw from each of your income streams in a way that makes most sense for your situation.

One way we do this is by utilizing a “bucket approach”. By using this approach, we can structure your portfolio into different “buckets” that align with specific goals. For example, we can set up buckets for short, intermediate, and long-term goals and tailor the investments to fit your needs.

A big adjustment that impacts many people I’ve worked with, is the psychological transition to retirement.

Some people find it difficult to shift from saving to spending, while others struggle with deciding how to spend their time after retiring.

To help ease the transition, we suggest multiple check-ins in the first year to track how you’re adjusting to this chapter in your life.

Whether it’s families telling us about their recent vacations, or a client that picked up a new hobby to fill their time, we love hearing the success stories from the people we’ve helped with this transition.

Navigating retirement involves making many financial and life decisions. We understand that this is an exciting, yet stressful time in your life which is why we are here to help formulate a strategy that helps provide confidence in your future while allowing you to enjoy the journey.