In retirement, you have to transition from saving to spending. You’ve worked hard to amass wealth, and now you must protect it from market downturns and make it last for the rest of your life. We have seen record highs in the stock market recently, but the state of the market at the time of your retirement isn’t within your control. Here are three crucial questions to ask yourself when preparing for and in retirement.

When Will You Retire?

The decision to retire isn’t always based on money. Sometimes the desire for freedom, health problems, or a spouse’s retirement can drive the decision. Retiring late or early can work out fine, granted you have a solid financial plan in place. Deciding when you’re going to retire will also bring up the question of when to claim Social Security benefits and important decisions regarding Medicare. If you’re no longer receiving a paycheck, consider how you can create income streams in retirement and how you’ll draw down your retirement accounts.

Are You Taking On Too Much Market Risk?

Remember that you may see periods of market volatility during your retirement, and it can help to plan ahead of time. While “timing the market” is a popular investing theory, it doesn’t account for market drops caused by unpredictable events like the pandemic. An unexpected downturn can leave you in a difficult position if you’re relying on investments for income. Not every retiree necessarily has to pull out of the market completely, but every retiree needs investment planning strategies to address low interest rates, market volatility, and inflation.

How Much Income Will You Need In Retirement?

Many retirees want to upgrade their lifestyle in retirement or maintain their current lifestyle. A recent study shows that about one in three retirees actually spent more than they expected they would when they first retired, and nearly 4 in 10 spent much more than they anticipated. (1) To help avoid this outcome, think about how much you will actually spend during the first few years of retirement. This budget should include “fun money” as well as basic expenses.

Could You Benefit from Having a Financial Planner In Your Corner?

If you or your spouse have had a long career, you know the value of expertise. There’s a reason why we see doctors instead of just Googling symptoms, ask for legal advice from a lawyer instead of a website, and hire electricians, plumbers, and carpenters instead of DIYing every home project. These professionals have years of training and experience, and so do we. We want to be in your corner throughout retirement, and this means offering professional advice and helping you create a comprehensive retirement plan. Take the first step by calling our office at (435)773-9444 to schedule a complimentary financial review today.


  1. Nearly 40% of Retirees Spending More Than They Expected: Report


Investment advice is offered through APO Financial Services, LLC (“APO”) 10155 Westmoor Drive, Suite 175, Westminster, Colorado 80021-2627. APO Financial Services is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration with the SEC as an investment adviser should not be construed to imply that the SEC has approved or endorsed qualifications or the services Eric Scott Financial and/or APO Financial Services offers, or that its personnel possess a particular level of skill, expertise or training. Additional information pertaining to APO’s registration status, its business operations, services and fees, and its current written disclosure statement is available on the SEC’s Investment Adviser public website at