I am a worrier. As my dad says, “Ashley, we come from a long line of worriers”. Like it’s something to be proud of or something I’m powerless against. I worry about my kids constantly. I just want to bottle them up and preserve them just as they are. It's excruciating, because my overprotective, helicopter mom tendencies run deep. Knowing where the line is on keeping my children safe vs letting them explore the world is a constant internal battle. 

I worry about my business, a difficult conversation I need to have with someone, how divided we are as a nation and whether or not that can be repaired or if eventually we will descend into complete chaos and ruin the greatest experiment in capitalism the world has ever or may ever know. But I digress. 

This might surprise you given my default worried state, but I don’t worry about money all that much. I don’t worry much about my own money or the money of my clients. I haven’t fully unpacked why that is. I think it’s a combination of experience and self-preservation. I would be a nervous wreck and a terrible advisor to my clients if I worried a lot about money - both my own and their money. I knew that I needed to not allow myself to get rattled by a downturn in the economy, world events, and global stock market meltdowns, because my shakiness would only lead to bigger problems for clients. 

So I don’t react too strongly when the Dow drops by 1000 points or worse. In March last year, when the stock market was in freefall, I was more worried about my clients throwing in the towel on their long-term investment strategy, than I was worried about the state of the economy or the stock market. 

My clients, on the other hand, worry all the time about their money. Some more than others, of course. But it is part of my job to help clients work through their worries, determine if this worry is rational, and what steps we can take to reduce or eliminate a particular worry. 

And that’s what I’m covering this week on the One Minute Retirement Tip podcast - the Biggest money worries for retirees. 

What are those top money worries for retirees? 

• Outliving your money
• Inflation
• A big stock market crash
• Health care costs
• Cuts to social security

Any of these sound familiar? If the answer is yes, you’re most definitely not alone! Just be sure to stick around this week where I’ll share with you how you can take practical steps to reduce or sometimes even eliminate these worries in your own situation. 

That’s it for today. But before you go, I just want to say thank you so much for listening to the One Minute Retirement Tip Podcast! This podcast is aimed at helping you enjoy a meaningful and financially secure retirement. If you’re within 10 years of retirement or you recently made the leap into retirement, then you’ve come to the right place.  

I’m your host, Ashley Micciche, and each week, I take a retirement planning topic and I break that down into digestible daily doses of retirement wisdom, so in just a few minutes a day, you’ll be better equipped to live the retirement you envision.

So come on back tomorrow and in the meantime, I hope you have a blessed day. 

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast