The Psychology of Retirement: 5 Facts You Need to Know

22/05/2025 17 min
The Psychology of Retirement: 5 Facts You Need to Know

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Episode Synopsis

Retirement isn’t just a financial decision. The transition can come with unexpected emotional challenges that many are not prepared for. Today we’re going to dive into the psychology of retirement by outlining five key psychological shifts retirees face and discuss how to prepare for them. From the fear of spending your life savings to the loss of identity after leaving your career, we’re going to provide you with real client experiences, mindset strategies, and practical advice on navigating this new chapter. No matter how comfortable you feel about retirement, the facts we’ll highlight in this video will give you some things to think about and plan for.Here’s what we discuss in this episode: 📊 49% of retirees don’t have a withdrawal strategy 🚪 The Go-Go, Slow-Go, and No-Go phases of retirement spending 💸 Gifting vs. hoarding: how to enjoy your money before it's too late 📺 47 hours of weekly TV — and how boredom can sneak into retirementLearn more about us: https://www.rwpaul.com/our-firm Contact Matt & Steve: https://www.rwpaul.com/contact Phone: 248-305-9911 Find us on YouTube: https://bit.ly/481OA51