September 21, 2022

Making Your Retirement Dreams a Reality

When most people think about retirement, they have a pretty clear picture in their mind of what it will look like. They might imagine days spent golfing or biking, traveling to new and exciting places, or spending time with their grandkids. But for many retirees, the reality falls far short of those dreams. Maybe they're not as healthy as they thought they'd be, money is tight, or they just don't know how to fill all that free time. If you're looking forward to retirement but want to make sure your dreams don't turn into a nightmare, you're in the right place! We'll give you some tips on how to make your retirement everything you hope it will be.

What Are Your Passions?

As you find yourself retired or nearing retirement, you might be experiencing a lot of mixed feelings. A common feeling is to feel like you've lost your purpose. But what are you passionate about? Just because you're retired doesn't mean you need to stop living. There are plenty of things you can do to stay active and involved. You could volunteer your time, take up a new hobby, or even start your own business.

The important thing is to find something that brings you joy and makes you feel like you're making a difference. Who knows, you might even find that retirement is the best thing that ever happened to you!

Organize Your Finances

Beginning this season of life can be a daunting prospect, especially when it comes to finances. However, living an enjoyable life during retirement doesn't have to be a pipe dream - as long as you're prepared. Make sure to over-prepare yourself financially for events that may come up, such as medical bills or home repairs. And don't forget to factor in the costs of leisurely activities.

Financial Goals

It's never too early to start thinking about your future self. After all, the future is always just around the corner. And if you don't have a plan for said future, you may find yourself stuck in a less-than-ideal situation. That's why it's important to set up financial goals that support the future you want to live. By doing this, you'll be putting yourself in a much better position to achieve your dreams.

One of the best ways to set up financial goals is to develop a budget. This will help you to track your spending and figure out where you can cut back in order to save more money. You should also make sure to set aside money each month for savings. This will give you a cushion in case of unforeseen expenses or emergencies. Finally, it's also a good idea to invest in yourself by taking courses or learning new skills that can help you earn more money down the road. By taking these steps, you'll be well on your way to financial success. For more support and guidance, schedule a visit with an advisor today to take on these changes head on.

Prioritize Your Health

As you get older, your health becomes more and more important. You can't control your genetics, which are a big part of how your health will hold up in retirement. But you can actively work to make sure your health is as good as possible. That means paying attention to health warning signs, making lifestyle changes to improve your health, and getting regular checkups and screenings. You may not be as young as you used to be, but taking care of your health is just as important as ever. By doing what you can to stay healthy, you can enjoy your retirement years to the fullest.

Keep in Touch With Friends/Family

Just because you're retired doesn't mean you have to lose touch with the people you care about. In fact, now that you have more free time, you can actually work on deepening your relationships with the people who make you the happiest. Whether it's reaching out to an old friend or spending more time with your grandkids, staying connected to the people you love is essential for a happy and fulfilling retirement. So go ahead and pick up the phone, send a card, or just drop by for a visit. The people in your life will be glad you did.

Invest for Income

For many people, investing is all about growth. When you're young and just starting out, it's easy to think that the goal is to make as much money as possible, as quickly as possible. However, this isn't always the smartest approach. As you get closer to retirement, your priorities should start to shift. Instead of focusing on growth, your primary goal should be to generate a reliable income stream that can support you in retirement.

The key is to find investments that offer a consistent return that's higher than the rate of inflation. This will help to ensure that your purchasing power doesn't decline over time, and that you can maintain a comfortable standard of living in retirement. By investing for income instead of growth, you can ensure that you'll have the resources you need to enjoy a comfortable season of retirement.

Try New Things

Retirement is often seen as a time to take it easy and relax. However, it can also be an excellent time to try new things and explore new interests. This is the perfect time to finally take that cooking class you've been wanting to do, or learn how to play a musical instrument. Or, if you've always wanted to travel, retirement can be the perfect opportunity to see the world.

Many retirees find that they have more time and freedom to pursue their passions, and discovering new interests can help keep retirement interesting and enjoyable.

— Fiat Wealth Management

So if you're feeling adventurous, don't be afraid to try something new in retirement. You just might surprise yourself.

Let's Spend Money and Have Fun

Many of us have a love-hate relationship with spending money. We love the feeling of acquiring something new, but we hate the guilt that comes with spending money recklessly. In his book, "Spending Money and Having Fun", Brad Gotto teaches readers how to be smart about spending so they can live the life they want in retirement. By learning to change your mindset around spending, setting boundaries, and understanding your financial requirements, you can break old spending habits and create new ones that will help you achieve your financial goals. With Gotto's clear and concise advice, you'll learn how to spend money wisely and without worry and have fun doing it. So what are you waiting for? Pick up a copy of Brad Gotto's "Spending Money and Having Fun" today and start living your best life!


With the right planning and preparation, retirement can be one of the best times of your life!

This page is a publication of Fiat Wealth Management, LLC. The firm is registered as an investment adviser and only conducts business in states where it is properly registered/notice filed or is excluded from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.

The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date of publication and may change in response to market conditions. You should consult with a professional advisor before implementing any strategies discussed. Content should not be viewed as an offer to buy or sell any of the securities mentioned or as legal or tax advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation.

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Every Day is Saturday

Our job begins where most advisors stop—saving money is great, but how do you spend it without risk in retirement? Welcome to Every Day is Saturday with Brad Gotto and Matt Stahl, partners and private wealth managers at Fiat Wealth Management.

In this podcast we help guide you to think about your money in a practical sense and make the boring and complex financial decisions, fun, informative and educational. Join us on this journey where Brad and Matt will explore different strategies on how to spend your money without guilt and have peace of mind knowing you are spending it the optimal way in retirement.

You’ve saved money for a lifetime. Now it’s time to spend it.

In Spending Money and Having Fun, Retirement Income Certified Professional Brad Gotto teaches you how to be smart about spending so you can stop worrying and live the life you want. Old habits are hard to break, but Brad helps you embrace the counterintuitive and build new habits to support your next chapter. You’ll learn how to:

  • Change your mindset around spending

  • Create boundaries that buy you freedom

  • Gain peace of mind with concepts that take the guesswork out of your financial requirements