Americans have a negative reaction to the word 'budget' and often avoid knowing where their money goes. However, a budget is essential for a successful retirement. A recent poll found that 70% of Americans believe a budget would help them, but 40% admit to never having one. A spending plan is a better term for a budget. It is important to be honest about spending habits and prioritize needs and wants. Savers may need encouragement to spend their hard-earned money in retirement. Gold as an investment can be risky, and physical gold may be difficult to sell. An ETF could be a better option for investing in gold.

<p>Americans have a negative reaction to the word 'budget' and often avoid knowing where their money goes. However, a budget is essential for a successful retirement. A recent poll found that 70% of Americans believe a budget would help them, but 40% admit to never having one. A spending plan is a better term for a budget. It is important to be honest about spending habits and prioritize needs and wants. Savers may need encouragement to spend their hard-earned money in retirement. Gold as an investment can be risky, and physical gold may be difficult to sell. An ETF could be a better option for investing in gold.</p>

When you’re in the retirement redzone, it’s time to get serious about your game plan. Jason Bergey of Pennsylvania Wealth Management has been helping people get to the goal line for more than 20 years. Jason credits his dad, pro football legend Bill Bergey, with passing down great financial lessons and a tough work ethic. And as a husband and father to 4 sons, he’s passing on those lessons to them as well. Have a question for Jason? Drop him an e-mail at www.retirementredzoneradio.com.

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