How to Achieve Financial Freedom in Retirement for Empty Nesters

In this episode, we discuss the crucial topic of spending in retirement, addressing common concerns about whether individuals are spending the right amount and how to navigate financial fears and guilt. Matt Meline shares insights from his recent keynote at the Arizona Oasis Conference, emphasizing the importance of transitioning from saving to spending with confidence. We explore the need for a comprehensive spending plan that incorporates fixed income sources like Social Security and annuities, as well as investment withdrawals. Additionally, Matt introduces innovative tools that help establish financial guardrails and stress tests, ensuring our listeners can enjoy their retirement without the anxiety of running out of money. Join us as we empower you to embrace the retirement lifestyle you've earned!Digital Asset:Download Our Empty Nest Success Checklist - https://prairiefirewealth.com/areas-of-focus/empty-nest-planning/Episode Highlights:00:00:00 - Introduction to Spending in Retirement00:01:00 - Conference Experience and Keynote00:02:00 - The Challenge of Transitioning to Retirement00:03:30 - The Importance of a Spending Plan00:05:00 - Understanding Fixed Income Sources00:07:00 - Annuities as a Safety Net00:08:30 - Investment Withdrawals and Market Risks00:10:00 - The 4% Rule as a Guideline00:11:00 - Introducing New Planning Tools00:12:00 - Sample Retirement Plan Overview00:13:00 - Visualizing Spending Capacity and Adjustments00:14:00 - Conclusion and Importance of a Good PlanJoin Us for our LIVE webinar on Dec 10: "Build Your Retirement Paycheck: Spending Guardrails for Empty Nesters.". Register HERE: https://prairiefirewealth.com/webinar/ —I sincerely appreciate your support. Thank you for being a part of our podcast journey. If you haven't already, please subscribe to stay updated with the latest episodes. Your subscription means the world to me!I’d love to hear from you; here are some ways to connect:Web: https://www.prairiefirewealth.com/Email: [email protected] a copy of my book: Empty Nest, Full Pockets: How to Emotionally and Financially Prepare for Your Family’s Future at https://amzn.to/3PovUWM