Catching Up to FI How To Build Your Own Paycheck: From Saver to Spender | Fritz Gilbert & Dana Anspach | 171
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Oct 5, 2025 Dana Anspach, a CFP and founder of Sensible Money, and Fritz Gilbert, creator of The Retirement Manifesto, delve into the nuances of transitioning from saving to spending in retirement. They explore the intricacies of drawdown strategies and emphasize that success hinges on a hundred small financial decisions. Key discussions include managing taxes, understanding social security's impact, and avoiding common pitfalls that lead to underspending. Their big takeaway? Document your plan, automate cash flow, and enjoy life’s ‘go-go’ years.
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Decumulation Is A Different Game
- Decumulation carries higher stakes because mistakes are harder to undo and recovery time is limited.
- Retirement requires many small decisions rather than a single choice, shifting strategy from accumulation to paycheck construction.
Spend During Your Go-Go Years
- Spending during the healthy “go-go” years is often optimal because money exists to fund life experiences.
- Staying too frugal early in retirement risks missing peak health years for bucket-list events.
Track Actual Spending Pre-Retirement
- Track every spending category before retiring to build realistic retirement expenses.
- Adjust for lifestyle changes like travel, housing, and healthcare when projecting future costs.
