Keys to a Stress-Free Retirement: 3 Steps to Help Live Out Your Golden Years With Financial Security by Pamela Yellen

2 years ago
Keys to a Stress-Free Retirement: 3 Steps to Help Live Out Your Golden Years With Financial Security

When it comes to Americans’ top worries, 72 percent report feeling stressed about money, and nearly 22 percent say they experience extreme stress about their finances, according to the American Psychological Association. Financial stress is closely linked to health issues including anxiety, depression, insomnia and more.

One big reason is inadequate retirement savings. And people who have their retirement savings in 401(k), IRA and other conventional retirement plans face the constant worry their money will evaporate in the event of another stock market crash. Life is stressful enough on its own. Do we really need to add the stress of worrying about what might happen to the money we’ve worked so hard to earn? The answer to this question will determine whether you live out your golden years in financial security, or face the constant stress and worry of trying make ends meet.

Here are my three steps for a stress-free retirement:

  • Build a healthy, liquid rainy day fund. Without a sizeable liquid rainy day fund, you may be forced into selling or liquidating your nest egg assets prematurely – the investments you planned on keeping over the long haul. When this happens, the timing is often terrible. You're at the mercy of current market conditions and forced to sell at the worst possible time.
  • Make sure a large portion of your retirement savings is in assets that are secure, guaranteed and liquid. These savings should give you control over your future, rather than being subject to the whims of the government or markets.
  • Know the value of your retirement account(s). While conventional retirement plans such as IRAs and 401(k)s offer no guarantees, there are strategies that allow people to know the minimum guaranteed value of their savings on the day they retire, and at any point along the way.

What is your biggest retirement concern?

The content on is for informational and entertainment purposes only, and should not be considered financial advice. The opinions or views expressed on do not necessarily represent those of 30Seconds or any of its employees, corporate partners or affiliates.

Take 30 seconds and join the 30Seconds community, and follow us on Facebook to get inspiration in your newsfeed daily. Inspire and be inspired.

Related Products on Amazon We Think You May Like:

30Second Mobile, Inc. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to and affiliated sites.

Retirement Savings Advice: The One Critical Question You Need to Be Able to Answer About Your Retirement Plan

How Long Will $1 Million Stretch in Retirement? Here's a State By State Comparison!

​Retirement Planning: 4 Common Retirement Mistakes & How to Avoid Them

Planning for Retirement: ​3 Retirement Scenarios Every Couple Needs to Be Ready For

A rainy day fund is a great idea. ☔️
I am concerned about retirement because expenses always pop up, and that takes away from what I can save. It's scary.
Elisa A. Schmitz 30Seconds
Tougher than ever, with the market being so volatile these days. Thank you for your words of wisdom, Pamela Yellen !

join discussion

Please login to comment.

recommended tips

#30Seconds Live: Parenting & Travel Tips With Eirene Heidelberger of GIT Mom!

#30Seconds Live: Money and Finances With Prosperity Expert Ellen Rogin, CPA, CFP!

#30Seconds Live: All Things Spring & Easter With Celebrity Event Planner Debi Lilly!

Got 30 seconds? Sign up for and get the best of our tips each week!