You’re Retired. Now What?
I just read an article by a man who has recently retired called Planning doesn’t end with retirement. The author, John Gottcent, tells us some things he’s learned by “finding out the hard way.”
He covers a lot of topics, but one he covers that I don’t think about much is the idea of not contributing to my retirement account anymore, but taking from it.
Get ready to adjust from building a portfolio to withdrawing from it. After years and years of adding to a retirement account and watching it grow (well, most of the time), it’s a bit of a shock to realize that from now on you will be taking away from that total.
I would assume that the moment you start doing that would be a pretty emotionally difficult time. Mr. Gottcent also offers some warnings for people who want to continue to work. He suggests looking “carefully into income restrictions imposed by Social Security.”
There are more topics in his article. You can read it here.
