Every Friday, Casey Weade highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Catch a preview of this week’s Weekend Reading for Retirees with one of Casey’s featured articles here.

A good financial plan is one that gives you a sense of peace, which ultimately comes from an understanding of where you are and where you’re headed. A good financial plan systematically addresses each of your financial needs and risks through a process that you can understand, ultimately delivering the big picture.

The process itself is important, but the most critical element is actually having a process to begin with. At Howard Bailey, we call ours ‘The Retire With Purpose Framework.’ It’s not the only solution that exists in the world, and it’s not going to be the best fit for everyone.

We begin with a little psychology, in the way of purpose and values, which drives the financial plan that we call your ‘Financial L.I.F.E. Plan.’ We then also end with a focus on psychology, in the way of ‘meaning.’

Every great plan should involve an element of the psychological, or non-financial aspects of retirement, along with the more complex financial elements. If your plan is void of the softer side of retirement, it’s probably taking you somewhere other than where you want to go. In this article, you will find a different framework with the same end goal.