What To Know About The “First Year Rule” Of Retirement

Well, you’re retired. Now what? Some people subscribe to the “first year rule,” which says that the majority of your best retirement months will all take place in the first year of retirement. So how can you be strategic during that first year and set the tone in the right way, both emotionally and financially? In this episode, Steve outlines five key areas that every new retiree should focus on during this major life transition. 

Here’s some of what we discuss in this episode:

💵 Adjust Financially: learn to manage new income streams and spending habits

📊 Sustainable Withdrawal Strategy: protect your portfolio from early market swings

🧭 Find Purpose: replace work identity with meaningful daily fulfillment

💪 Stay Physically Active: maintain strength, mobility, and long-term independence

🧾 Avoid Overspending: set realistic expectations for your “go-go years”

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: info@powerhousefa.com

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