On Common Ground News – 24/7 local newsOn Common Ground News – 24/7 local news
  • Home
  • Local News
    • Atlanta
    • DeKalb
    • Rockdale
    • Gwinnett
    • City of Stonecrest
  • Legal Notices
  • HelpLines
  • Crime
  • COVID-19
  • Coming Up
  • Business
  • Education
  • Life
    • Restaurants
    • Travel
    • Explore
    • Special Events
    • Community Calendar
    • 2021 Graduates
  • People
  • Op/Ed
  • Obituaries
  • Contact Us
What's Hot

Commissioner Larry Johnson, 100 Black Men of DeKalb to host Youth Violence Prevention Rally and Summit June 27

June 24, 2022

Georgia Sen. Emanuel Jones appointed to Economic Development, International Relations Study Committee

June 24, 2022

Rockdale Board of Elections Notice of Special Meeting June 27, 2022

June 24, 2022
Facebook Twitter Instagram
Monday, June 27
Facebook Twitter Instagram
On Common Ground News – 24/7 local newsOn Common Ground News – 24/7 local news
  • Home
  • Local News
    • Atlanta
    • DeKalb
    • Rockdale
    • Gwinnett
    • City of Stonecrest
  • Legal Notices
  • HelpLines
  • Crime
  • COVID-19
  • Coming Up
  • Business
  • Education
  • Life
    • Restaurants
    • Travel
    • Explore
    • Special Events
    • Community Calendar
    • 2021 Graduates
  • People
  • Op/Ed
  • Obituaries
  • Contact Us
On Common Ground News – 24/7 local newsOn Common Ground News – 24/7 local news
Home»Local»Five Tips for Transitioning Into Retirement
Local

Five Tips for Transitioning Into Retirement

By On Common Ground NewsOctober 11, 2021Updated:November 28, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

 

By Andrew Chamblin III, Financial Advisor

 

Retirement marks the end of a chapter in your career and the start of a new lifestyle. This unique transition can bring a myriad of emotions, most commonly ones of excitement and apprehension. If you’re pondering retiring in the next year or so, here are five tips to help you transition smoothly.

  1. Know the transition could take weeks – or months. You likely spent decades forming a routine around your work schedule. Establishing your new normal of volunteer work, an encore career or helping family will take time. If you are married, remember that your retired status may affect your spouse’s routine, too. Talk openly about how you’re feeling during the transition to keep your spouse in the loop.
  2. Communicate your retirement plans with family members. Your parents, kids or other family members will likely be interested in how you intend to spend your retirement days. Will you be visiting the grandkids more often? Continuing to host family get-togethers? Planning to move or purchase a retirement home? As you share your plans, don’t forget to discuss your financial picture. The benefits of open communication are three-fold: it reassures your kids that you’re financially prepared; allows you to introduce or remind your family of your estate and legacy plans; and it establishes a safe space for both sides to discuss potentially challenging financial topics.
  3. Maintain healthy habits. Staying diligent with the activities that help you feel your best is important as you shift into retirement. Prioritize eating healthy, sleeping well, staying fit and maintaining friendships in your new routine.
  4. Evaluate your finances. Prior to retirement, you likely outlined how you will manage your cash flow. (If not, today is the day to put a plan in place.) As you enter retirement, review your expenses to ensure they’re aligned with your plan. It’s common to revise your spending and activities after experiencing the first few weeks away from your primary job, so it’s okay if you need to adjust how much you withdraw from your accounts each month. If you want to increase your spending, calculate what that means for your later retirement years, as you don’t want your savings to come up short. Consult a financial advisor for guidance on how to make your money last while living the lifestyle you desire.
  1. Reset your attitude. Retirement is not the ultimate finish line. Experiencing a lot of emotions is common but try to focus on what you’re excited about in this next chapter. And, remember you’re not alone. Talk to friends, family and professionals in your life for support along the way.

Andrew Chamblin, CLTC, is a Financial Advisor, with Ameriprise Financial Services, LLC in Tucker, GA.  He specializes in fee-based financial planning and asset management strategies and has been in practice for 23 years.

To contact him: ameripriseadvisors.com/andrew.x.chamblin, 770-817-0175 ext., 11, 4500 Hugh Howell Rd., Ste 735, Tucker, GA 30084.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2021 Ameriprise Financial, Inc. All rights reserved.

Post Views: 1,334
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
On Common Ground News

Related Posts

Commissioner Larry Johnson, 100 Black Men of DeKalb to host Youth Violence Prevention Rally and Summit June 27

June 24, 2022

Georgia Sen. Emanuel Jones appointed to Economic Development, International Relations Study Committee

June 24, 2022

Rockdale Board of Elections Notice of Special Meeting June 27, 2022

June 24, 2022
Add A Comment

Leave A Reply Cancel Reply

Latest Post

Commissioner Larry Johnson, 100 Black Men of DeKalb to host Youth Violence Prevention Rally and Summit June 27

June 24, 2022

Georgia Sen. Emanuel Jones appointed to Economic Development, International Relations Study Committee

June 24, 2022

Rockdale Board of Elections Notice of Special Meeting June 27, 2022

June 24, 2022

OP/ED: We must address the predatory investor crisis in Southern DeKalb

June 24, 2022

Subscribe to Updates

Get the latest news updates from OCGNews.

About Us
About Us

On Common Ground News is published 24/7 by On Common Ground, Inc (OCGNEWS.COM).
The news outlet was founded in April, 1995.

Facebook Twitter YouTube
Latest Posts
  • Commissioner Larry Johnson, 100 Black Men of DeKalb to host Youth Violence Prevention Rally and Summit June 27
  • Georgia Sen. Emanuel Jones appointed to Economic Development, International Relations Study Committee
  • Rockdale Board of Elections Notice of Special Meeting June 27, 2022
  • OP/ED: We must address the predatory investor crisis in Southern DeKalb

Subscribe to Updates

Get the latest news updates from OCGNews.

© 2022 On Common Ground News.
  • Home
  • Life

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT