How to Retire With Purpose

Joseph Kubic |

“Planning for retirement is about more than just creating a basic financial plan—it’s about planning with purpose.” - Debra Taylor, CPA/PFS, JD, CDFA, “4 Pivotal Questions to Help Clients Retire With Purpose,” Horsesmouth

Beyond the spreadsheets and investment portfolios lies a realm of essential considerations for your retirement journey. It's not just about securing your financial future; it's about enriching your life as you transition into retirement.

Taken from the above quoted article, below is a summary of four key areas to consider when planning for your best life in retirement:

  1. Finding your new ‘work’

As retirement approaches, it's important to consider how you'll spend your time beyond work. Whether it's pursuing new interests, engaging in part-time work, or dedicating time to family, planning ahead ensures a fulfilling retirement. Consider exploring options like continuing education or volunteer work to align with your goals and prevent feelings of aimlessness. You can chart a course for your post-retirement journey that's as purposeful as it is rewarding.

  1. Locating your ideal home

Planning for where you'll live in your older years is often overlooked but crucial. While retirement may seem like an extended holiday, it's vital to consider affordability and long-term needs. This may involve relocating closer to family or to areas with better affordability. Additionally, assessing familial support for future caregiving is essential for financial and emotional well-being. Engaging adult children in these discussions can streamline planning and ensure everyone's needs are aligned.

  1. Identifying and prioritizing your social support

Maintaining connections with loved ones and your community is paramount for a fulfilling retirement. These bonds not only offer emotional support but also infuse your retirement years with a sense of belonging and purpose. We encourage evaluating your social circle and considering ways to foster a meaningful support system.

  1. Living meaningful days with purpose

Research underscores the importance of having clear goals in retirement to maintain satisfaction and well-being. A great idea is to explore new interests and hobbies before retiring to ensure a smooth transition, and then work with your financial advisor to build any related costs into your financial plan. Our job is to help you feel empowered in your life transitions and guide you to a purposeful retirement experience.

If you’d like help planning your retirement future, don’t hesitate to reach out to us for a free consultation – we’d love to help!


Let’s Get Started