A problem often faced by those who saved up a lot of money for retirement is that when they actually retire, they find it hard to start spending their money. After all, they worked all their lives to lead frugal lives, and that is a habit that is hard to break. It is a shame, because the whole reason they saved up money was in order to be able to fully enjoy themselves once they retire.
David Giertz offers some useful tips for seniors. First, you need discipline. This will be different by everyone, because different people have different wants and wishes. Next, you need a retirement plan. This doesn’t just mean setting aside money for the kids. It means planning out activities that you wanted to do your whole life, such as traveling. Next, you need a budget. This way, you will be able to allocate money for pleasures without feeling guilty. Next, you need a cash reserve. Do not invest everything into the stock market. A cash reserve will help you feel more confident and will let you feel okay with spending money on things you like.
David Giertz has a lot of experience with these kinds of issues. He has over three decades of experience as a financial advisor. He headed Nationwide’s sales and distribution department for the United States. He helped them grow and increase sales. He was a financial advisor for CitiGroup for around ten years.
David a coach with the World Association of Business Coaches. He has an MBA from the University of Miami and a BS from Millikin University. He is known to start his day very early so that he can be as productive as possible.
Read more about David Giertz: https://www.bloomberg.com/research/stocks/private/person.asp?personId=232405062&privcapId=359385