Is retirement wonderful?

Are you looking forward to the day you retire and sail off into the horizon without any cares? Did you know that planning for the non-financial side of retirement is just as important as the financial side? Patti and Kathleen talk about how to determine your retirement vision and how doing so along with number crunching is vital to when preparing for this next phase of life.

 Key Take-Aways: 

1. Don’t just focus on the day you are to retire. You actually need to think about what life is going to be like the days after you retire. For example, what are you going to be doing on the first Monday of your retirement? Better yet – what are you going to be doing six months into your retirement?
2. Spend time working on your health and relationships. These are two things that everyone can work on. Take care of yourself now, so you can enjoy your retirement fully. Also, spend time creating and maintaining friendships as social interactions are a key to well-being as you age. If you are married, have conversations with your spouse about your expectations for your social life when one or both of you decide to retire.
3. Decide on your purpose in retirement. Ask yourself, are you retiring from something or to something? If you find your answer too big, then break it into smaller steps. Determine what you are excited to do and how this will make you feel a sense of purpose when you no longer have your career as your identity.

Patti Black has more than 20 years of experience helping affluent clients align their goals and their money. This work is especially important in times of transition such as starting a family, sending children to college, changing jobs, or retiring. 

Show Notes:

• For more information, visit https://bridgeworthfinancial.com/