How to Maintain Your Lifestyle in Retirement
episodePreviously titled “Ep 163 | How to Maintain Your Lifestyle in Retirement” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
14 min
1 speaker
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
How does the host introduce the fear of losing your current lifestyle when planning retirement?
I don't want to give up my lifestyle. I hear this often enough. You're enjoying your life and you don't want to feel like preparing for retirement means giving all that up. But here's the truth. Planning for lifestyle changes now actually saves you from stress, money struggles, and disappointment later. Hey there and welcome to Wealthy After 40. I'm Dailene Higgins, your podcast host and financial coach. If you're a Gen X woman or couple who's worried about retirement, maybe you feel like you're starting late or don't have enough saved. you're in the right place. This show is all about ditching the financial stress and creating a retirement plan that works for your life now and later. So grab your favorite drink, settle in and let's figure this out together.
Welcome to the Wealthy After 40 podcast, where I help you enjoy your money now and later. And this topic, we are diving into specifically that. I have heard more times than not, when people are on calls with me or they come to work with me as a client, very, very beginning, they're like, I don't want to give up my lifestyle. And if you've been around a while, you know I'm not about rigid budgets. I don't have a template. We don't set out and do this. But when I hear this, and if this is something you're saying, I'm asking you, what is your lifestyle? Tell me more about that. And a lot of times they're like, well, I just having fun and I'm happy. And when we get down to it, they have no clue about where their money is going.
They're wrapping this more in the fear of losing that feeling, but they cannot define that feeling to money. So I want to reiterate to you that planning for lifestyle changes now saves you stress, money, and disappointment later.
Who is this podcast for and what problem does it aim to solve for Gen X women and couples?
But really, it's not about changes. It's about really leaning in to what is it that you enjoy? When I say, okay, you don't want to not live your lifestyle, what is that? So lifestyle means, you know, the things you enjoy and the level of living that supports you best. So you can think about it in a couple of different ways. Just specifically things that bring you joy and or things that elevate your basic living. Now we all need a roof over our head, food on the table, and a car with fuel in it to go to work. That's basic living. And some people are even struggling with just that. But anything else is where you start forming your lifestyle, where you start adding your personality, if I must say. You're going to find a gamer spending on gaming.
You're going to find a reader spending on reading. You're going to find somebody who gardens spending their money on gardening. That is lifestyle. So getting clear on these specifics, what does lifestyle mean to you? Not just, oh, the way I'm living and it feels so good. When you talk about money, you have to be specific. Why? Getting specific allows you to say yes and no easier and It allows you to understand where your money is going and what makes you feel good about it. And when you head into retirement, you know exactly what is going with you. Okay, so let's specifically talk about how can I get clear on this lifestyle thing then? Because I'm like, I just love living the way I love living. So let me help you get more defined.
more leaning into what you really value with your money. And this is an example of value-based budgeting that I do in my coaching. We do several exercises to help you lean in. I am not a financial coach who believes in rigid budgets. I don't say you can't spend your money because you've got debt. We work through more of a value-based budget. All right, so there are three core pieces of lifestyle. So as you're thinking, yep, I don't wanna give up my lifestyle, I want you to listen to these closely. And these are gonna help you identify better what that means. Now, we've already talked about basic living. These are all elevated living. The first area is experiences. You may have heard somebody say, I don't buy my kids gifts and things often,
I give them experiences. This is that. So you're looking at trips, events, or even just simple pleasures.
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Chapters
3 chapters
1
How does the host introduce the fear of losing your current lifestyle when planning retirement?
0:00–2:23
2
Who is this podcast for and what problem does it aim to solve for Gen X women and couples?
2:23–6:28
3
Why does the host ask ‘what is your lifestyle?’ and how does that reveal unclear priorities?
6:28–14:29
Speakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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Why Do You Fear Retirement? The Answer Might Surprise You