One of the most ironic things about retirement spending is that the people who have saved the most money are often the same ones that have the most difficult time spending that money.

We all somehow think that if we can just save up enough money, if we can just build up enough of a portfolio, then by the time we can retire, it will open up this new world of possibility with unlimited fun and enjoyment.

The problem, though, is

that's just not reality. The reality is this isn't true. For those who have saved well,

one of the hardest things you'll find about retirement is the difficulty you'll likely face

trying to spend some of that money. So in today's episode of Ready for Retirement, I'm going to tell

you how you can shift your mindset to go from a savings mindset to

a spending mindset.

This is another episode of Ready for Retirement. I'm your host, James Cannell, and I'm here

to teach you how to get the most of the life with your money. And now, on to the episode.

This episode and this topic of how do we shift from a savings mindset to a spending mindset,

it was actually prompted by a conversation I recently had with a client.

And these clients, they had just recently retired.

They had saved well, they had invested well, and they had previously had a financial planner.

But the financial planner didn't really go over some of the

projections and what's possible and how much can you spend in retirement. So at the beginning of our

relationship, one of the first things that we did is we went through some of those projections.

We said, based on your investments, based on your income sources, how much you want to spend,

let's see what's possible. And you know what? Let's see what's

possible to live a really comfortable retirement. And we modeled that out. And we showed year by year,

here's how much you can think about spending. And not only is this amount that you could spend

significantly more than you've been spending up until this point, but on top of that,

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