4 Tips for Achieving Financial Wellness in Retirement

Getting gray hair or losing it because of worry about money is a common problem. According to a 2019 study by the American Institute of Stress, 62% of Americans are regularly stressed about their finances. To make matters worse, this stress can often carry over into retirement, which is supposed to be a time of relaxation and enjoyment.

To combat the stress caused by money in retirement, a select few finance professionals, including David Swenson, founder and chief advisor of Swenson Wealth Advisors, are working to educate the public about financial wellness.

“The term financial wellness may sound new, but it is not and should be part of our daily lives. Our goal is to help people not only make progress, but also find trust, security and balance along the way. In this way we hope to help many people, and retirees in particular, live the retirement they have worked so hard to achieve, ”added David Swenson.

According to the Consumer Financial Protection Bureau, financial wellbeing is defined as:

“A state of being in which you are in control of daily, monthly finances; have the ability to absorb a financial shock; are on track to meet your financial goals; and have the financial freedom to make the choices that enable you to enjoy life. ”

Reliable income

After retirement, the biggest worry for many Americans is how much income they can get from their savings, and how long it will take. For those who don’t know the answer, that worry can often overshadow many of their plans and, ultimately, the quality of their retirement.

A stable and reliable income is one of the cornerstones of financial wellbeing. A guaranteed portion of retirement income can provide stability and, in some cases, prevent retirees from using up their savings prematurely.


After retirement, there is no more paycheck to replenish the savings that have been used up. Hence, it is important to understand where the money is going each month. By creating a budget, retirees can not only account for all of their expenses, but also ensure that money is available for important things like vacation or food. A good budget should include fixed expenses such as mortgage payments and insurance, and variable expenses such as food or gifts during the holidays.

Contingency plan

If one thing is guaranteed, it is that life will throw us a curveball from time to time. For those who are not financially prepared, such curveballs can often be harmful. There are several emergencies that can arise during retirement. Some of the most important to consider include unforeseen expenses, medical needs, and the loss of a spouse or loved one.

Work with a professional

The road to retirement can be complicated and, if done improperly, it can become more stressful. To reduce stress, retirees should seek the advice of a financial professional who specializes in comprehensive retirement planning who can advise on a variety of angles, including tax planning, social security scheduling, estate planning, and wealth management.

About Swenson Wealth Advisors

The company offers its customers a comprehensive and detailed approach to financial planning with individual solutions instead of a one-size-fits-all approach. Through open and honest discussions, the Swenson Wealth Advisors team not only creates an excellent retirement plan, but also identifies the current goals, motivations and goals of its clients so that they can enjoy their lives to the full.

The company offers many services. Some of them are retirement income strategies, wealth protection strategies, investments, wealth management and insurance solutions.

Investment advisory services are only provided by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Swenson Wealth Advisors are not affiliated companies. Investing involves risks, including the potential for loss of capital. All references to protection, security, security, or guaranteed lifelong income are generally to fixed insurance products, never to securities or investment products. Insurance and annuity product guarantees are secured by the financial strength and efficiency of the issuing insurance company. Neither the law firm nor its representatives or agents may give tax or legal advice. Swenson Wealth Advisors is not affiliated with the US government or any government agency. 867483 – 4/21

Media contact
Company Name: Swenson Investment Advisor
Interlocutor: David Swenson
E-mail: Send e-mail
City: Denver
Condition: CO
Country: United States
Website: www.swensonwealthadvisors.com

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