083: Lessons from Louisville and the Switch from Saving to Spending

This week on Retire Well, Josh Bretl shares highlights from a family road trip to Louisville, Kentucky, including scouting reports from Mammoth Cave and the Louisville Slugger factory.Back in the office, Josh and Mark Elliott discuss the impact of economic cycles on consumer confidence and how inflation in energy costs has hit the headlines recently.Josh shares his perspective on why these periods occur and how the Wellment Way is designed to help retirees stay focused on their personal goals rather than market noise.We also tackle the reported rise in healthcare costs for retirees, which can reach an estimated $345,000 for a couple, and why medical expenses are often cited as a significant cause of financial strain in retirement.Finally, our mailbag addresses the psychological shift required to move from saving to spending, the potential complexities of acting as a "family bank" for your children, and strategies for managing Required Minimum Distributions (RMDs).📞 Ready to talk? Call (630) 478-9599 to schedule your complimentary 15-minute call with a Wellment advisor.