Your First Year of Retirement: 7 Things to Expect

Your First Year of Retirement: 7 Things to Expect Work with me: https://randy-smith.showrunner.one/r/bb3fe62288f5 The first year of retirement can feel very different from what you expected. I break down seven changes you may experience during the retirement transition, from shifts in retirement spending and unexpected retirement grief to questions about retirement identity and finding purpose after leaving work. I explore why retirement guilt can make it difficult to enjoy the freedom you’ve earned, how establishing a healthy retirement routine can help, and why retirement relationships may change when you suddenly have much more time together. I also discuss retirement doubt, including the six month retirement wobble that can leave some retirees questioning their decisions or experiencing retirement regret. Learning about saying no in retirement and giving yourself retirement permission to use your time and money intentionally can be an important part of adjusting to this new chapter. There are financial changes to prepare for too. I cover what can be different about your first retirement tax return, why proactive retirement tax planning matters, and some common retirement mistakes to watch for as your income, spending, and tax situation evolve. Understanding retirement psychology can help explain why this transition involves much more than finances. Whether you’re working with a certified financial planner, exploring the approach of a registered life planner, researching fairway financial, or preparing for your own retirement, I share practical ideas to help you navigate the emotional, financial, and lifestyle changes that can come with the first year of retirement. Time Stamps: 0:00 first-year retirement surprises 1:15 1 2:44 2 3:52 3 5:40 4 6:48 5 7:59 6 9:42 7 11:19 Building a system for retirement #retirement #retirementplanning #howtoretire ----- I’m Randy, a CERTIFIED FINANCIAL PLANNER™ and Owner/CEO of Fairway Financial. After years in banking, financial planning, and consulting with advisors across the country, I saw too many retirees struggle with rising costs, market uncertainty, and a lack of clear direction. That’s why I choose to do what I do. Through my Pathway to Purpose™ process, I help retirees, those nearing retirement and business owners, create a plan they understand and feel confident in. So they can retire to something meaningful, not just from work. ----- Disclaimer: Fairway Financial, LLC is an SEC-registered investment adviser. Content may include topics related to retirement, tax, estate, and financial planning but should not be considered investment, tax, or legal advice. This material is for informational and educational purposes only and is not personalized advice. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Always consult your CPA, attorney, or financial advisor before making financial decisions. Topics we cover on this video: first year of retirement, retirement transition, retirement spending, retirement grief, retirement identity, retirement guilt, retirement routine, retirement relationships, retirement doubt, six month retirement wobble, retirement regret, saying no in retirement, retirement tax return, retirement tax planning, retirement mistakes, retirement psychology, retirement permission, certified financial planner, registered life planner, fairway financial