Even if you’ve planned carefully for your retirement, it’s normal to be a bit apprehensive at first. But the following ways can help you stress less about finances during retirement, and spend more time on enjoying life:
Become a frugal shopper
If you’ve never been much for couponing or stocking up during sales prior to retiring, now may be a good time to start. Coupon clipping and matching them up with big sales in order to maximize savings can be a little time consuming, but as a retiree, you can use that some of that spare time to plan for future shopping trips accordingly. Shopping frugally can help you save a lot of money, which can help lower financial stress in retirement.
The city you worked in for the last 30 years may not be the ideal place to retire. If the cost of living is expensive and you’re no longer earning the same salary you once were, you could be stressing yourself out more than you need to by trying to keep up with your current living expenses. There are a lot of beautiful places to retire, and some have a very low cost of living. If you’re open to the idea of an international retirement, the possibilities are endless. Imagine living somewhere you’ve always dreamt of just visiting, and for a fraction of the cost. Even if you just decide to relocate to a different city in the United States, moving somewhere with a lower cost of living can help lessen financial stress.
Consult with a financial planner
Once you retire, your financial situation changes drastically. A financial planner can help steer you in the right direction if you need some guidance during this transition. By working with a financial planner, you can receive some advice about budgeting, saving, and other financial issues during your retirement. Because everyone’s individual retirement is unique, it can be helpful to consult with a financial planner who can evaluate your specific situation.
Receive a lump sum of cash
If you’re receiving long-term payments from an annuity or structured settlement, that steady cash flow throughout your retirement years can provide some peace of mind. But what if there was a way to access a larger portion of that money upfront, and in one lump sum, while keeping a remainder of your payment stream intact? There is!
When you work with Peachtree Financial Solutions, you can sell just a portion of your future payments. By selling a portion of your payments and receiving that money in one lump, you can help make your retirement less stressful. For example, if you have a lot of debt you need to take care of, receiving that lump sum of cash can allow you to just pay it all off at once. Imagine how nice it would be to retire debt-free.
To learn more about selling future payments from a lump sum of cash, contact Peachtree Financial Solutions today. We can provide you with more information, answer any questions you may have about the process, and offer you a completely free, personalized quote. Contact us today!
Nothing above is meant to provide financial, legal, or tax advice. You should meet with appropriate professionals for such services.