--- title: How to Plan a Conservative Retirement that Doesn't Feel Like One description: For many pre-retirees and retirees, one approach to financial planning is to be more conservative with investments the closer you get to retirement. image: https://www.heydayretirement.com/hubfs/Retirement%20Living%20Images/Traveling%20or%20Active%20Retirees/Couple%20traveling.jpg --- [![Heyday Retirement](https://www.heydayretirement.com/hubfs/Feb-2018/Header-footer/heyday-logo.svg "Heyday Retirement")](https://www.heydayretirement.com) - Why Heyday? - [Features](https://www.heydayretirement.com/features) - [Clients](https://www.heydayretirement.com/featured-clients) - [Security](https://www.heydayretirement.com/security) - Solutions For Retirees - [Concern About Volatile Markets](https://www.heydayretirement.com/volatile-markets) - [Getting Income Now with Security](https://www.heydayretirement.com/income-and-security) - [Planning for Surviving Spouse](https://www.heydayretirement.com/surviving-spouse) - [Plan How Much You Can Safely Spend](https://www.heydayretirement.com/safe-spending) - [Create Annuity Income](https://www.heydayretirement.com/annuity-income) - [Decide When You Can Retire](https://www.heydayretirement.com/retire-now-or-wait) - Resources - [Free Guidebooks](https://www.heydayretirement.com/retirement-guides) - [Free Videos](https://www.heydayretirement.com/online-retirement-workshops) - [Retirement Magazine](https://www.heydayretirement.com/heyday-blogs) - [Heyday Contributors](https://www.heydayretirement.com/about-our-contributors) - [Pricing](https://www.heydayretirement.com/pricing) - [The Heyday Approach](https://www.heydayretirement.com/the-heyday-retirement-income-strategy) - [About Us](https://www.heydayretirement.com/about-us) - [Contact](https://www.heydayretirement.com/contact-us) - [Sign In](https://app.heydayretirement.com) - [Book Your Appointment](https://www.heydayretirement.com/schedule-your-intro-meeting) - [Retirement income planning (44)](https://www.heydayretirement.com/heyday-blogs/tag/retirement-income-planning) - [Retirement strategy (40)](https://www.heydayretirement.com/heyday-blogs/tag/retirement-strategy) - [Retirement living (19)](https://www.heydayretirement.com/heyday-blogs/tag/retirement-living) - [Articles & news (6)](https://www.heydayretirement.com/heyday-blogs/tag/articles-news) - [Articles & news (6)](https://www.heydayretirement.com/heyday-blogs/tag/articles-news) - [Retirement income planning (44)](https://www.heydayretirement.com/heyday-blogs/tag/retirement-income-planning) - [Retirement living (19)](https://www.heydayretirement.com/heyday-blogs/tag/retirement-living) - [Retirement strategy (40)](https://www.heydayretirement.com/heyday-blogs/tag/retirement-strategy) # How to Plan a Conservative Retirement that Doesn't Feel Like One Share on Twitter Share on Facebook [![](https://www.heydayretirement.com/hubfs/Retirement%20Living%20Images/Traveling%20or%20Active%20Retirees/Couple%20traveling.jpg)](https://www.heydayretirement.com/heyday-blogs/plan-conservative-retirement)   For many pre-retirees and retirees, one approach to financial planning is to be more conservative with investments the closer you get to retirement. But what happens when they make the switch from accumulating assets to living off of them in retirement? Whether they took advantage of market volatility or played it safer while saving, at Heyday we’ve seen them concerned about the many unknowns and uncontrollable factors that could impact their nest eggs. So how can retirees help minimize their risks in retirement, and enjoy the activities they said they’ve always wanted to? The good news is, regardless of their financial approach during the accumulation phase, retirees can enjoy a conservative approach to retirement that doesn’t feel like a lifestyle change. In his online workshop, [*A Conservative Approach to Funding Retirement*](https://www.heydayretirement.com/workshop-a-conservative-approach-to-funding-retirement), Dr. David Babbel explains why he took this approach. He also shares the plan he secured for his own retirement. As a [former economist for World Bank](https://www.heydayretirement.com/about-our-contributors-babbel), he brings unique insights on how the market has performed over the last several decades, as well as the impacts on inflation in various world markets. In this informative workshop, you’ll discover: - How being conservative in retirement doesn’t have to mean reducing your standard of living - Why the conventional retirement approach to the stock market could be flawed - What you need to know about inflation, and how to help protect yourself from the rising costs of goods - Why securing guaranteed income is key to financial confidence in retirement #### **An Actionable Strategy for Those Who Hate Risk** While Dr. Babbel’s conservative approach to retirement strategy may not be for everyone, the topics covered in his workshop can be a valuable resource for those looking to help minimize risk in retirement. To watch Dr. Babbel’s workshop on demand, simply [sign up here](https://www.heydayretirement.com/workshop-a-conservative-approach-to-funding-retirement). And if you’re ready to see how much income you’ll need to do all the things you’d like to in retirement, our [retirement income planner app](https://www.heydayretirement.com/features) can help you create a custom plan. *Materials offered by Heyday Retirement, including articles, ebooks, and workshops are designed to provide general information on the subjects covered. They are not intended to provide specific financial, legal or tax advice. Heyday markets insurance products and its representatives do not give investment, legal or tax advice. You are encouraged to consult your tax advisor, attorney, or investment advisor.By contacting us or submitting your contact information, downloading booklets, or attending workshops, Heyday may refer you to our licensed insurance and annuity professionals who may contact you to offer a meeting to discuss how insurance services can help meet your retirement needs. You may withdraw your consent anytime.*All Heyday authors, professors and educators are paid for their contributions. Their inclusion does not represent an endorsement of products. ###### To learn more about how one former economist secured guaranteed income (and you can, too), sign up for the on-demand Heyday workshop, #### A Conservative Approach to Funding Retirement [ATTEND WORKSHOP](https://www.heydayretirement.com/workshop-a-conservative-approach-to-funding-retirement) ![Cindy Collins](https://www.heydayretirement.com/hubfs/Feb-2018/contributors/collins.png) #### Written by [Cindy Collins](https://www.heydayretirement.com/heyday-blogs/author/cindy-collins) *Forbes* Contributor & Retirement Financial Professional Cindy Collins is a Heyday Retirement contributor with over 30 years of experience in personal financial services. ![](https://www.heydayretirement.com/hubfs/Feb-2018/Blog/img/about%20logo.svg) #### About Heyday Heyday is a premier source for comprehensive tools and informative content designed to help retirees build a secure retirement income plan. 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