Most advice says: put in more hours, tighten your belt, pray for raises. Yet plenty of people who grind the hardest still stress about money. What the wealthy do differently starts in their head, not their wallet.
When you’re still earning a salary, a market dip is annoying but you keep adding new money. When you’re retired, you’re pulling money out. Taking withdrawals from a falling market is like trying to bail water from a leaking boat while drilling new holes.
Imagine this: It’s 4:57 p.m. on your last day at work. You shake a few hands, pack the framed family photo, and swipe out for the final time. Fifteen days later, something eerie happens—no salary lands in your bank account.
Most people think retirement means slowing down... but for many, it also means a pay cut. You stop working. Your paycheck stops. And you're expected to somehow replace that income with 401(k) withdrawals, market-based investments, and social security...
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The information provided is for educational and informational purposes only and does not constitute tax, legal or investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.