Hello, my name is Kayden Besher, a financial professional with Burgdorf Wealth Managers.
If you’re approaching retirement, you know that preparing is about more than transitioning out of your career. It’s a major life shift. Suddenly, your days, how you spend your time, and even your finances can look different.
On the financial side, it’s important to build a system that replaces your paycheck with a steady income from your savings, investments, and other income sources.
Three strategies I often coach clients through include:
- Keeping one to two years of expenses in cash or short-term bonds
- Setting simple rebalancing rules to stay consistent through market swings
- Determining which accounts fund which years of retirement
It’s also worth reviewing Social Security and healthcare decisions early. The timing of when you claim benefits or enroll in Medicare can affect your taxes and income for years to come.
But retirement is also a personal transition. Work often gives life structure, so finding new rhythms takes time. Try small experiments, such as volunteering, traveling, or part-time work, to see what makes your week feel meaningful.
If you are transitioning into retirement with a partner, make sure you talk openly about expectations and timing. Reach out to the office if you’d like help planning for your retirement. I’d be happy to help you make this next chapter feel intentional and well-planned.
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