Beyond the Numbers: Envisioning Your Retirement Lifestyle
When people think about retirement planning, the first question is often, Do I have enough money? While financial readiness is crucial, an equally important, yet often overlooked, aspect is the emotional side of retirement.
What will our days look like? How will you find purpose and fulfillment? Who will you spend your time with? These are questions that can shape your retirement just as much as your savings balance.
The Emotional Side of Retirement
For decades, work has provided structure, social connections, and a sense of purpose. When you retire, that daily rhythm changes. Many retirees experience a honeymoon phase filled with travel and relaxation, but after a while, some feel restless, lonely, or even lost. The key to a fulfilling retirement is planning not just for your finances, but for your life.
1. Purpose and Identify: Who Are You Without Work?
Your career likely provided a sense of accomplishment. In retirement, it’s important to replace that with meaningful activities.
Action Steps:
• Explore your passions. What activities have you always wanted to try?
• Volunteer: Giving back can provide a renewed sense of purpose.
• Consider part-time work or consulting. This can keep you engaged while offering flexibility.
2. Social Connections: Who Will You Spend Time With?
Work naturally creates social interactions. Without it, some retirees struggle with loneliness. Studies show that social isolation can impact both mental and physical health.
Action Steps:
• Strengthen existing relationships. Plan regular meetups with friends and family.
• Join groups or clubs. Book clubs, fitness groups, or hobby clubs can help build new connections.
• Stay involved in your community. Places of worship, senior centers, or volunteer organizations can provide a sense of belonging.
3. Health and Wellness: How Will You Stay Active?
Your health is your most valuable asset in retirement. Without the structure of a work schedule, it’s easy to fall into a sedentary lifestyle.
Action Steps:
• Create a fitness routine. Walking, yoga, or strength training can keep you active.
• Prioritize prevention care. Schedule regular checkups and screenings.
• Focus on mental wellness. Try meditation, learning new skills, or engaging in activities that keep your brain sharp.
4. Daily Routine: How Will You Structure Your Time?
Without a work schedule, days can feel long or unproductive. Having a sense of structure can make retirement feel more fulfilling.
Action Steps:
• Establish a morning routine. A consistent start to your day sets a positive tone.
• Plan weekly activities. Schedule time for exercise, hobbies, and social outings.
• Set goals. Whether it’s reading a certain number of books, learning a new skill, or traveling, having goals keeps life exciting.
Start Envisioning Your Retirement Now
A fulfilling retirement doesn’t happen by accident, it requires planning beyond just the numbers. Take some time to reflect:
1. What excites you about retirement?
2. What hobbies or interests do you want to pursue?
3. Who will be part of your daily life?
4. How will you maintain your physical and mental health?
Final Thought: Retirement is a New Beginning
Retirement isn’t the end of something, it’s the start of a new chapter. By thinking about your life in retirement as much as your finances, you can create a future that is not only financially secure but also deeply fulfilling.
What does your ideal retirement look like? Start shaping it today.
Scott Higgins | AIF ®, CFP®, CPFA®, NSSA®
Financial Advisor
Since 2012 at Rose Street, Scott has been responsible for helping the firm’s individual wealth management clients with income strategies for retirement and consulting with employers with their employee retirement plans. In free time, he enjoys golf, biking, skiing, cooking, and traveling. Fun Fact, Scott has a hobby of filling growlers with coins!