The Challenge of Retirement

Good Morning Relaxing Retirement Member,

There’s a direct link between your level of confidence on a day to day basis and the quality of your life.

When you’re in a state of fear and unrest, how easy is it to relax and enjoy yourself?

Not very easy at all.

Specific to money, which is the means with which we all support our desired lifestyle, developing and maintaining supreme financial confidence is more necessary and critical today than ever before.

Without it, you will continue to pull your punches, thus not living the life and enjoying the experiences you could and should due to fear.

A Financial Confidence Deficit

Have you ever stopped to think about why a lack of financial confidence is so common today?

Well, to begin with, there’s no long history, and very few good examples of individuals who have reached and maintained financial independence over a long life.

You have to remember that, for anyone other than the super wealthy like the Carnegies and the Rockefellers, the whole concept of retirement, or being able to financially support yourself without having to work, has only been around for about 75 years.

Stop and think about that for a moment. Historically speaking, that’s not a very long time.

Before that, “retirement” didn’t exist. People worked until they passed away. Or, they lived with, and were supported by, their family.

What initially changed all of that was social security and fixed monthly pensions provided by lifetime employers.

It was a lot easier for most because you could add up the amount you’d receive each month from social security and your pension, and if it was more than you needed to live on, you could make the determination if you’d be okay or not and feel confident about it.

However, over the last 30 years or so, that has all changed. Fixed pensions are becoming a thing of the past for most Americans.

Instead, employer sponsored “savings” plans, such as 401(k)s and 403(b)s have taken center stage as employers look to remove themselves from the financial management business.

At retirement, you’re no longer ‘guaranteed’ a monthly payout. Instead, you’re presented with a lump sum of money and it’s your job to determine:

  • a) First, is it enough to provide the lifestyle sustaining income I’ll need given inflation?
  • b) And, second, how do I avoid all of the potential mistakes, and take advantage of the opportunities necessary for me to earn what I need in order to make my money last longer than I do?

So, in a nutshell, at the stage in your life where there’s no room for big mistakes, the responsibility for your financial independence and security has been transferred from your employer to you.


Generating consistent cash flow….navigating ever changing tax laws…managing investments and dealing with volatile financial markets….protecting your income and assets for your family….planning your estate.

It’s now all on you.

And, on top of it all, you are pounded on a moment by moment basis through various media outlets tugging at your attention with conflicting and confusing information.

There’s no mystery why there is such a lack of financial confidence out there, especially during your retirement years!

In essence, this is why we created The Relaxing Retirement Coaching Program™:

The Relaxing Retirement Formula™

As we begin the New Year, I believe it’s critically important for you to review and implement the fundamentals and principles of what a Relaxing Retirement entails.

That begins by taking a giant step back and accurately assessing what the fundamental challenges and obstacles are that you’re dealing with.

The focus of many of the individuals who I meet with for the first time is often in many different directions. My recommendation is always to have them clearly identify the lifestyle they want, and then the challenges and obstacles they face in getting there.

Let me give you a very simple, but critically important, example:

Challenge #1:

“I don’t want to depend on the income from work anymore, so I need to generate income some other way.”

Challenge #2:

“My lifestyle costs a lot more than my pension and social security incomes bring in. (i.e. I need $100,000 per year to live after paying income taxes and my pension and social security only bring in $50,000)”

Challenge #3:

“I need to create income from my retirement savings to support my lifestyle.”

Challenge #4:

“I don’t have enough money saved to let it sit in CDs at the bank and earn only 1 to 2%.”

Challenge #5:

“I need to earn better investment returns to keep pace with inflation so I don’t run out of money.”

Challenge #6:

“In order to achieve the better investment returns I need, I have to position my retirement savings where it has an opportunity to earn better returns.”

Challenge #7:

“Positioning my retirement savings where it has an opportunity to earn better returns subjects me to greater amounts of investment volatility.”

Challenge #8:

“If my retirement savings run out too soon, I have to either make cutbacks in my lifestyle, or I have to go back to work!”

This may seem obvious, but most people who I meet with for the first time have no idea why they’re even investing in the first place, nor why they’re allocated the way they are.

In most cases, the reason they’re allocated the way they are is because Fund X seemed like a good fund!

Extremely dangerous in its simplicity!

If you don’t begin by first identifying all the potential obstacles in your way to enjoying a Relaxing Retirement, you will join the overwhelming majority of Americans who tend to wander and focus on things that are potentially important, but completely out of context and inappropriate for their unique situation and circumstances.

Stay tuned next week as we dive into The Relaxing Retirement Formula™ to help you stay on track for the lifestyle you’ve worked so hard for and deserve to experience.

Committed To Your Relaxing Retirement,

Jack Phelps
The Retirement Coach

P.S.WHO do you know who could benefit from receiving my Retirement Coach “Strategy of the Week”? Please simply provide their name and email address to us at Or they can subscribe at appreciate the trust you place in me. Thank you!