How can retirees pay for large travel experiences without debt or excessive withdrawals from retirement savings? This article examines behavioral finance concepts including Mental Accounting, Loss Aversion, and consumption smoothing while demonstrating how intentional retirement spending can help retirees use monthly cash flow to fund meaningful travel with greater confidence and peace of mind.
The Courage to Keep Living Fully: Lessons from Lily’s Journey What the Science Says Retirement isn’t just a financial milestone. Instead, retirement is a psychological and relational transition. Research shows that continued engagement in novel,…
In this heartfelt article of Spending in Retirement, Dr. Chia-Li Chien, CFP®, shares her personal story of learning to invite her husband, TC, into the retirement planning conversation after 35 years of marriage.
When Dr. Chia-Li Chien’s husband told their financial planner his retirement plan in just one word, everything changed. Discover how fishing became a lesson in purpose, readiness, and joy, and how you can practice your own dream before you retire.