Have you ever noticed the stark contrast between someone who is aging gracefully and living an “Inspired Retirement” and someone who does not appear to have any purpose in life and seems to have retreated or declined, physically and mentally, and socially?

” You can have an Inspired Retirement, by making sure your retirement plan addresses both quantitative financial issues and qualitative non-financial issues.”

Retirement Coaching
A retirement coach can help you explore what you will do in retirement and consider how you will replace all benefits, not just financial benefits you obtained from working or managing your business.
A retirement coach will consider the following four keys to help you get more out of life after retirement:

  1. Engagement
    The traditional retirement age of 65 is not relevant to everyone. Our ability and desire to be engaged in the community differ, as well as our health and attitude.
    You can still be of great value to your community after the age of 65 and many baby boomers are planning to and are working beyond the age of 65 to stay engaged with the workplace.
  2. Purpose
    Have you ever noticed how a friend or colleague does not seem happy when they have retired? This can be partially attributed to lacking a purpose in life. It is important to plan your retirement as more of a transition to a new life not just a retirement from your business or career and make sure you do not lose your purpose in life.
  3. Integration
    Whilst the thought of spending more time with family, playing golf, or traveling might be appealing when we are thinking about retirement, these leisure pursuits can lose their attraction when that is all you have to do for the rest of your life. Having a balance between vocation and vacation helps you stay integrated with your community.
  4. Challenge
    A common element for retirees that thrive in retirement is they can continue to continue to challenge their mind, body, and spirit no matter how old they are.

Conclusion
You can have a long, and happy retirement if you start the retirement planning process by thinking about your non-financial goals. A retirement coach can assist in you exploring the qualitative side of retirement which provides a foundation for the qualitative side of your retirement plan.

For further tips on how to prepare for retirement, download the attached ebook “How to live an Inspired Retirement” or listen to the “Real Life Financial Planner”, Geoff Ivanac on our retirement podcast, “Real Life Retirement Radio”

General Advice Warning: Any advice on this site is general advice only and does not take into account the objectives, financial situation or needs of any particular person. It does not represent legal, tax, or personal advice and should not be relied on as such. You should obtain financial advice relevant to your circumstances before making any decisions.