Retirement planning is more multi-dimensional than some people think. Creating a strong financial foundation is critical. But once you’ve achieved financial independence, other non-financial factors come into the picture. It becomes less about how you’re going to invest your money and more about how you plan to invest your time.
What will create retirement happiness for you and how will you create that? While it’s different for everyone, it will probably come from a number of things. Family. Wellness and fitness. An engagement in meaningful activities. Giving back. Lifelong learning. A new sense of purpose. Freedom and flexibility. In the second half of life the game changes. Priorities shift. There are different measures of success. Are you prepared for a multi-dimensional retirement?
Deciding what age to retire at is one of life’s most important decisions. But some people fall into the trap of looking at only the financial factors. Retire smarter by broadening your retirement planning so that creating retirement happiness is in the picture.
Early retirement takes disciplined financial planning. But failing to plan for the soft side of it can derail you. Balance your retirement planning by including the emotional side of the transition to retirement. Be prepared for what life in retirement will really be like and how to optimize the gift of time that your early retirement is creating.
A retirement coach helps you navigate the transition to retirement and works with you to envision and design your next chapter – and helps you make it your best one. The focus is on the non-financial side of retirement planning, such as redefining identity and purpose, creating a portfolio of meaningful activities, social connections, and often part-time work or consulting. Look for experienced retirement coaches, who are well-trained in coaching, have the ability to support you, expand your thinking and help you take the steps toward the life in retirement you’ve worked so hard for.