Your Guide:

💼 Want expert help in planning for your financial future?

Apply for a consultation here 👉 https://calendly.com/erg-kc/introductory-phone-call-with-erg

Here’s what we cover in this episode:

🎉 Retirement celebrations that cost more than expected

🔨 Home projects that snowball past the budget

👨‍👩‍👧 Helping kids without derailing your plan

💰 How poorly timed spending can bump your tax bill

✅ Mapping out your first five years so you can spend freely without regret

The first five years of retirement can shape your financial future more than any other stage. Overspending often isn’t about recklessness, it’s about good intentions made at the wrong time. In these early years, small choices can snowball into big setbacks, from home upgrades to long-awaited dream vacations. In this episode, Scott covers the three most common ways retirees overspend in the first five years, and how to avoid sabotaging your long-term security.

You’ll discover why this kind of spending isn’t inherently “bad.” The real issue is when it happens, how it’s taxed, and whether it fits into your larger financial plan. With the right strategy, you can say “yes” to meaningful experiences without facing regrets later. If you’re preparing for retirement, or already in your first five years, this episode will give you the tools to enjoy today with confidence while protecting the decades ahead.

0:00 – Intro

0:55 – Is Overspending a Typical Problem?

1:43 – Celebration Spending

5:32 – Home Projects & Upgrades

10:11 – Helping Adult Children

14:16 – Common Threads