There are typically two stages to financial planning. Climbing Mt. Everest provides a great illustration of this.

You spend much of your life climbing, and in financial terms: working, saving every month, and achieving financial independence.

Most accidents occur when descending down the mountain. This is statistically true for Mt. Everest, and equally true for those in retirement trying to replicate their paycheck.

All working professionals have 24 hours per day and that is typically broken out between working 8 hours, sleeping 8 hours, and free time for 8 hours.

When it comes to retirement, and the work disappears, the sleep is still there, but now free time doubles to 16 hours. Without a clear thought process, planning, values, and philosophy, your identity can be at risk.

How will I fill my time during this stage that I have worked for so hard my entire life?

How will I diversify my identity that was previously tied to the passion of my career?

Furthermore, there is a huge psychological aspect to finances during retirement. Those that are climbing have developed a habit over 30+ years. That habit is saving every month out of every paycheck.

When you retire, you are faced with breaking a 30 year habit. Pressure is added when you have to withdraw money from your portfolio, which is something most have never experienced. This can be a very confusing and stressful transition: taking money instead of saving money.

How will I replicate my paycheck to ensure the necessities are covered?

How will I replicate my playcheck to ensure my life by design?

What fail-safes should I put into place to protect against?

  • Increasing taxes
  • Increasing health care costs
  • Rising inflation
  • Long Term health care
  • Loss of my spouse
  • Required minimum distributions

What if the stock market drops? Will I still be okay?

Most importantly, how will I enjoy the years that I have worked so hard to become financial independent?

Recreating a paycheck during retirement can be a daunting task.

We partner with you to ensure this process allows your money to support your life no matter what happens to the market or any other uncontrollable factors. We manage the technical aspects of tax efficiency, and risk management to ensure your free time can be spent away from wall street tickers, and instead with those that you love, and on passions that you will have no regret pursuing.

Matthew Blocki, RICP®, ChFC®, CFP®

Wealth Management Advisor


To learn more about Northwestern Mutual Investment Services, LLC and its financial representatives, visit: FINRA BrokerCheck