Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement. Hi, everyone.

Welcome to another episode of Ready for Retirement.

I'm your host, James Knoll, and I'm very excited for today's episode because most

of the time when we're thinking about finances and financial planning and retirement,

we think that everything is a purely financial decision. It's about the numbers. It's about what makes sense. It's about there's a right answer and then there's a wrong answer. But so

often in finances and personal finance, it's really not about the logical, rational decision. So often it's the

emotional side of things. It's the subconscious, almost identity side of things of how we grew up

around money, what our experience with money has been, the decisions we've made along the way

so often, even without consciously realizing it, it is those experiences in that sense of even who we are that is what drives us to make the decisions that we make.

So the question that we're going to be going over today is a good one that I'm excited to dive into because it touches upon just this.

So here's the question.

The question is from a listener.

The listener's name is Tom.

Tom says, James, I continue to enjoy and learn from your podcast. Keep it up. Thank you, Tom. He goes on to say,

I will break ground on a new home this month. My retirement assets are at 1.9 million. We will start

drawing upon our required minimum distribution next year to be used to make house payments and then

some. However, as we select

builder options, we find ourselves reluctant to spend the money when I know there are no limits.

So here's my question. After 50 years of savings, what are your recommendations for

transitioning from a savings mindset into a spending mindset. Thanks in

...