Finances and location are big factors in retirement decision-making. However, other lifestyle choices need to be considered in pre-retirement planning. Many of these are often overlooked.
By taking a more holistic approach, we will be prepared as we move toward a very important stage in life. These considerations are all the more significant, given that we can often enjoy 25-30 years of fruitful living after we retire. Individuals and couples who carefully address all the aspects of retirement during their planning sessions report having a more successful transition experience.
Some of the more important areas that need to be explored in pre-retirement
planning are:
Career: Retirement as it relates to full-time or part-time work, entrepreneurial pursuits, and volunteer activities.
Family and Friends: The quality and uniqueness of family members and close friends, evaluating how those relationships effect one’s retirement.
Intimate Relationships: The closeness, connection and emotional bond that
will support a couple during the transition to retirement.
Personal Growth: The purposeful personal development of an individual’s
strengths, direction, life-satisfaction and path/purpose in life.
Leisure Life: Exploring new activities or continuing current activities that
create relaxation, pleasure and a healthy attitude toward life. These include
social interaction and solitary relaxation.
Retirement Lifestyle: The standard of life created by one’s socioeconomic
means that will affect where retirees chose to live, whether or not they will
work, and the kind of leisure activities they will pursue.
Money: A retiree’s relationship to money and professional resources for
financial planning.
Spirituality: The manner in which we are all connected to each other in
different ways; how what we do affects others in our lives; and how our
values are reflected in our daily lives.
As a Lifestyle Retirement Coach, I can support you in planning for your retirement.
Together we can explore the areas listed above and many others, as you seek to
develop a personal retirement plan that is both practical and sustainable.