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Kiplinger
Kiplinger
Business
Vincent Sgro

Are You Ready to Start Spending in Retirement? 5 Questions for New Retirees

Three older women laugh as they walk along the beach.

Retirement often requires adopting a new mindset.

When you were saving for retirement, you were in the accumulation phase as you built wealth. Once you reach retirement, you move into the distribution phase where you begin spending those savings. This warrants a different approach to your financial decisions — and possibly a different adviser.

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