It’s important to recognize the stages of retirement and plan our experiences accordingly. In his thought-provoking book “Die With Zero,” Bill Perkins expands on dividing these years into three phases – the “Go-go” years, the “Slow-go” years, and the “No-go” years. These stages highlight how our energy and health fluctuate throughout retirement, impacting how we might approach spending and enjoying life.

While financial security in retirement is essential, it’s equally important to embrace desired experiences while we’re able. Don’t wait until your “Slow-go” years to pursue those dream adventures; seize them now.

Consider this: Would you rather spend your money on a memorable vacation with loved ones now or merely save it for “someday?” The choice becomes clear when you think about it in the context of creating lasting memories.

And you can make the most of memorable experiences, no matter what your net worth is:

• Smaller nest egg? Explore local parks or attractions, reconnect with friends nearby, or find adventure in nature.
• Moderate net worth? Strike a balance – plan for responsible spending while occasionally treating yourself to that ‘bucket list’ experience. These experiences will provide wonderful memories and fun stories.
• Financial security? Enjoy greater flexibility; travel the world, pursue hobbies, or prioritize experiences that enrich your life. Remember, don’t delay too long, some adventures might become more challenging later.

In the fable of the ant and the grasshopper, we see two extremes: the diligent ant focused solely on working hard and saving for the future, and the carefree grasshopper living in the present moment with little concern for tomorrow. Both characters could learn from one another — the ant embracing a bit more enjoyment in the present, and the grasshopper exercising more prudence in planning for the future.

Retirement is about finding the perfect balance: responsible spending combined with enjoying the freedom you’ve earned. Invest in experiences that create lasting memories, especially when you have the energy and ability to make them truly unforgettable.