Are You Afraid to Retire?

This article was originally published on ETFTrends.com.

By Monica Palmer via Iris.xyz

When a person thinks of retirement, they can have a thousand things running through their mind which can be met with a variety of emotions. On one hand, retiring means that you get to sit back, relax, and enjoy the fruits of your labor. After all, this is why you have been working all those years — for the time you can live how you want to, and do the things that you have always loved doing. For some, retiring is a beautiful thing, but for others, retiring can be scary. There are fears that can cross their minds, making them wonder if retiring is a good idea after all.

A fear that people can have is whether the money they have saved will be enough to last them the rest of their lives. What if you live until 100? Will you have enough?

You have worked throughout your life, and retirement is now your time to enjoy all that you have worked so hard for. If you were in a stable, well-paying job, you probably were used to living a comfortable life. Will you be able to splurge as much as you used to? This is a difficult question for some to answer. So what can you do to alleviate this fear?

Find a Financial Planner

Budgeting is the best way to estimate how much money you will need to support yourself through this period. Visiting with a financial planner who is knowledgeable in finances and retirement can help answer your questions and help set you on a path to financial freedom.

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