{"id":24523,"date":"2023-10-05T10:01:45","date_gmt":"2023-10-05T10:01:45","guid":{"rendered":"https:\/\/isafespend.com\/personal-finance\/wealth\/four-tips-for-a-smooth-slide-into-retirement\/"},"modified":"2023-10-05T10:01:46","modified_gmt":"2023-10-05T10:01:46","slug":"four-tips-for-a-smooth-slide-into-retirement","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=24523","title":{"rendered":"Four Tips For A Smooth Slide Into Retirement"},"content":{"rendered":"
\n

Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer have that identity and that source of income. This can be a jarring reality shift, both for your finances and your emotions, no matter how well prepared you feel. When planning for your retirement, it\u2019s important to take into account your own life and preferences to determine when the best time to retire will be for you specifically, and to plan ahead for the transition to make it as smooth as possible.<\/p>\n

Budget Ahead Of Time<\/h2>\n

Financial concerns are one of the most important concerns that most people have regarding their retirement, and for good reason \u2013 the whole point of retirement is to stop working, but when you stop working, you also stop bringing in an income. Prior to stopping that income, you need to understand your monthly expenses, and how they may or may not change once you retire. Consider everything within your budget, from your housing (will you continue to pay a mortgage or will your home be paid off? Will you move?) to your healthcare costs (your healthcare may costs may increase as you age) and your daily living expenses (will you be spending more money if you\u2019re not working for example). While you\u2019re still working, you may wish to pay down debts and reduce your costs. Working with a financial advisor may help you to get a better understanding of how prepared you are financially for you retirement.<\/p>\n

Account For Inflation<\/h2>\n

When you\u2019ve created a budget for your retirement, don\u2019t forget to account for potential inflation. While you may have saved well and feel prepared, it\u2019s important to factor in inflation into your equation to make sure that inflation doesn\u2019t outpace what you have saved.<\/p>\n

Adjust Your Strategy<\/h2>\n

As you get closer to your retirement, adjust your investment strategy as needed. Perhaps you need to review your investments and change allocations or adopt a more conservative approach. Ensure that your portfolio remains diversified throughout your saving to manage risk, and stay on top of reviewing your portfolio while you are investing to make sure that it aligns with your goals and risk tolerance. If you\u2019ve been investing on your own, it may help to have a second set of eyes (such as a financial advisor or tax professional) review your finances with you to help you feel secure that you\u2019re on track.<\/p>\n

<\/fbs-ad><\/p>\n

Plan For Your Time<\/h2>\n

One of the most shocking transitions in retirement is the downtime for many people that are used to the grind for their entire lives \u2013 it can be jarring to wake up with nothing to do suddenly. Plan ahead for how you\u2019d like to spend your time in retirement by cultivating your hobbies now, and determine if you\u2019d like to start new hobbies or ventures in your retirement years. You might wish to pursue part time job opportunities or volunteer work, or perhaps you\u2019d like to take classes to learn a new skill. Or you may wish to take up exercise classes, or take care of your grandchildren. It helps to have an idea of how you\u2019d like to spend your time once you\u2019ve got it to spend, so that you\u2019re not floundering and feeling lost.<\/p>\n<\/div>\n

\n

Disclosure: Diversified, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the SEC. A copy of Diversified\u2019s current written disclosure brochure which discusses, among other things, the firm\u2019s business practices, services and fees, is available through the SEC\u2019s website at:\u00a0<\/em>www.adviserinfo.sec.gov<\/em>.\u00a0Investments in securities involve risk, including the possible loss of principal. The information on this\u00a0website is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer have that identity and that source of income. This can be a jarring reality shift, both for your finances and your emotions, no matter how well prepared you<\/p>\n","protected":false},"author":1,"featured_media":24524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":{"0":"post-24523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-wealth"},"yoast_head":"\nFour Tips For A Smooth Slide Into Retirement | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=24523\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four Tips For A Smooth Slide Into Retirement | iSafeSpend\" \/>\n<meta property=\"og:description\" content=\"Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/isafespend.com\/?p=24523\" \/>\n<meta property=\"og:site_name\" content=\"iSafeSpend\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T10:01:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T10:01:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/10\/1696500106_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/isafespend.com\/?p=24523#article\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/?p=24523\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\"},\"headline\":\"Four Tips For A Smooth Slide Into Retirement\",\"datePublished\":\"2023-10-05T10:01:45+00:00\",\"dateModified\":\"2023-10-05T10:01:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/isafespend.com\/?p=24523\"},\"wordCount\":702,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"articleSection\":[\"Wealth\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/isafespend.com\/?p=24523#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/isafespend.com\/?p=24523\",\"url\":\"https:\/\/isafespend.com\/?p=24523\",\"name\":\"Four Tips For A Smooth Slide Into Retirement | iSafeSpend\",\"isPartOf\":{\"@id\":\"https:\/\/isafespend.com\/#website\"},\"datePublished\":\"2023-10-05T10:01:45+00:00\",\"dateModified\":\"2023-10-05T10:01:46+00:00\",\"description\":\"Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer\",\"breadcrumb\":{\"@id\":\"https:\/\/isafespend.com\/?p=24523#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/isafespend.com\/?p=24523\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/isafespend.com\/?p=24523#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/isafespend.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Four Tips For A Smooth Slide Into Retirement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/isafespend.com\/#website\",\"url\":\"https:\/\/isafespend.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/isafespend.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/isafespend.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/isafespend.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/isafespend.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/isafespend.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/isafespend.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/isafespend.com\"],\"url\":\"https:\/\/isafespend.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Four Tips For A Smooth Slide Into Retirement | iSafeSpend","description":"Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/isafespend.com\/?p=24523","og_locale":"en_US","og_type":"article","og_title":"Four Tips For A Smooth Slide Into Retirement | iSafeSpend","og_description":"Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer","og_url":"https:\/\/isafespend.com\/?p=24523","og_site_name":"iSafeSpend","article_published_time":"2023-10-05T10:01:45+00:00","article_modified_time":"2023-10-05T10:01:46+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/10\/1696500106_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/isafespend.com\/?p=24523#article","isPartOf":{"@id":"https:\/\/isafespend.com\/?p=24523"},"author":{"name":"News Room","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf"},"headline":"Four Tips For A Smooth Slide Into Retirement","datePublished":"2023-10-05T10:01:45+00:00","dateModified":"2023-10-05T10:01:46+00:00","mainEntityOfPage":{"@id":"https:\/\/isafespend.com\/?p=24523"},"wordCount":702,"commentCount":0,"publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"articleSection":["Wealth"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/isafespend.com\/?p=24523#respond"]}]},{"@type":"WebPage","@id":"https:\/\/isafespend.com\/?p=24523","url":"https:\/\/isafespend.com\/?p=24523","name":"Four Tips For A Smooth Slide Into Retirement | iSafeSpend","isPartOf":{"@id":"https:\/\/isafespend.com\/#website"},"datePublished":"2023-10-05T10:01:45+00:00","dateModified":"2023-10-05T10:01:46+00:00","description":"Retirement is one of the biggest transitions in your life, as you\u2019ve likely spent the majority of your life working and once you retire, you\u2019ll no longer","breadcrumb":{"@id":"https:\/\/isafespend.com\/?p=24523#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/isafespend.com\/?p=24523"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/isafespend.com\/?p=24523#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/isafespend.com\/"},{"@type":"ListItem","position":2,"name":"Four Tips For A Smooth Slide Into Retirement"}]},{"@type":"WebSite","@id":"https:\/\/isafespend.com\/#website","url":"https:\/\/isafespend.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/isafespend.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/isafespend.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/isafespend.com\/#organization","name":"Solutions For Real","url":"https:\/\/isafespend.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/isafespend.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/isafespend.com\/#\/schema\/person\/5b8c1c75336efaf09b163cd1eab0c9bf","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/isafespend.com\/#\/schema\/person\/image\/","url":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/isafespend.com"],"url":"https:\/\/isafespend.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/24523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24523"}],"version-history":[{"count":1,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/24523\/revisions"}],"predecessor-version":[{"id":24525,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/posts\/24523\/revisions\/24525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=\/wp\/v2\/media\/24524"}],"wp:attachment":[{"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/isafespend.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}