Redefining Retirement - Living it now

I'm Rosenda Rios and this is Your Money Minutes. Redefining retirement-- living it now. That's the topic of our conversation. And helping us with that conversation is Zack Gipson, Vice President of Wealth & Retirement Planning. Thanks for joining us, Zack. Living it now. This is the fun part for many, many people. It's all about lifestyle, isn't it? It is. And understanding the journey hasn't stopped. So you spent 40 years preparing for your retirement, now what? What do you want out of retirement? Do you want to travel, spend some time with the grand kids? It's really your choice around what lifestyle you want in retirement. That's something that somebody really needs to think about very, very hard. How they want to have their lifestyle in their retirement stage. That's spot on. And it's working with a professional, understanding that you've had that financial plan, that retirement plan you've been working towards all these years. It's just as important to work on that as you go through retirement to understand how you spend money, how you shouldn't spend money. And when you look at income, prepare for the unexpected. Right. Maintain that plan, correct? Exactly. So, how do you spend that money that we have saved for many, many years? That's got to be tough. It is tough. So you have all these assets, probably in multiple institutions. And how do you bring them together to understand how you draw down those sources of income? How you possibly use a guaranteed source of income, whether through a company pension or some other guaranteed retirement plans, say, military retirement as well? And it's bringing them all together to understand how you fund that retirement lifestyle you want. And here at USAA, we provide multiple avenues that you can use. You can pick up the phone and call us. And we're glad to serve you and help you with your retirement needs. You can also go online to our free financial calculators to look at your retirement plan, assess what your income needs are, and how you generate the right level of income to meet your lifestyle. All right, excellent advice, Zack. Thank you so much for joining us. And if you would like to know more about the retirement calculator that Zack mentioned, just go to usaa.com and search retirement calculator. For Your Money Minutes, I'm Rosenda Rios.