Keep Checking In on Your Finances

Keeping your financial plans on track requires attention and consistency. It’s important to regularly review your budget, your income sources (including Social Security, pensions, and retirement accounts), and your spending habits. Are you still comfortable month to month? Are there areas where you could adjust?

A quick monthly or quarterly review can help you catch potential issues early. Many people find it helpful to set a calendar reminder so financial check-ins become routine, just like a doctor’s appointment.

Remember, you don’t have to do it all alone. Close friends and professionals, including your financial advisor or an Affinity Wellbeing Coach¹, can help you if you need a second opinion. If you’re feeling unsure about investments, taxes, or how to handle living expenses, seek a trusted resource. Talk through your “sustainability” plan, assessing how long your current funds are expected to last based on your income and lifestyle. It’s wise to seek updated information and use the resources available to you.

Live Fully, But Plan for It

Being financially independent doesn’t mean pinching every penny. In fact, the whole point is to enjoy life without constant financial stress. That said, it’s important to understand how your current spending habits impact your long-term stability. If travel, hobbies, or family gifts are part of your joy, make space for them in your budget with intentionality. If you’re feeling strained, it could be a good time to get creative, seeking lower-cost alternatives to activities and things that you enjoy.

As you work on planning ahead, try chunking out different times of the year when leisure expenses might change. Summer might be a time for travel, which you can offset by saving more throughout the winter. It’s all about identifying your priorities and finding creative ways to meet them.

Watch Out for Scams and Fraud

Older adults are often targets for financial scams, and fraudsters are getting more sophisticated with modern technology. To protect yourself, always remember that no legitimate organization will urgently ask you to verify account information over email, call, or text. If you receive a message that looks legitimate, go directly to your financial institution and ask for more information. Never click on links from unknown numbers or email addresses. If you want to learn more about fraud and protecting yourself, check out Affinity’s Fraud Prevention Hub².

Stay Flexible and Be Kind to Yourself

Retirement and aging can bring unexpected changes, from health issues to new budgeting considerations. Give yourself grace as you move through life and navigate new chapters. Being flexible doesn’t mean losing control, but adapting with confidence.

No matter your age, financial independence is about freedom, peace of mind, and the ability to live life on your own terms. By staying engaged, informed, and proactive, you can enjoy a future that’s both secure and fulfilling.

This information is for informational purposes only, is intended to provide general guidance, and does not constitute legal, tax, or financial advice. Each person's circumstances differ and may not apply to the specific information provided. You should seek the advice of a financial professional, tax consultant, and legal counsel to discuss your particular needs before making any financial or other commitments regarding the matters related to your condition.

¹Retrieved from: https://www.affinityfcu.com/financial-wellbeing/certified-wellbeing-coaches

²Retrieved from: https://www.affinityfcu.com/fraud-prevention-hub/