Shift happens in retirement when transitioning from the savings phase (linear) to the spending phase (non-linear) of retirement income planning. Chaos Theory is alive and kicking. This new terrain involves lumpy spending, house-hold shocks, inflation risk, Social Security claiming decision risk, longevity risk, healthcare risk and other risks that were simply not present in the saving phase of retirement.
The non-financial aspects of retirement income planning such as health, family and sense of purpose can be as important, if not more important, than focusing on the retirement numbers alone. Spending adequate time and mental-energy thinking through these non-financial aspects can help you to envision a well-lived retirement well beyond your retirement fundedness level and even improve your health.