This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Sure, you can fail at retirement financially, but there’s the non-financial side you can get wrong too.
The author of this article highlights five fails he experienced in retirement that have less to do with money, and more to do with your purpose, intention and overall emotional readiness for stepping into your second act. They are as follows:
📌Focusing only on the money, and believing the quality of life in retirement depends on how much you have: You must define your needs, values and what makes you happy to build a satisfying life
📌Thinking retiring would be easy: The fact of the matter is, exiting the workforce is one of the top ten most stressful events you will go through, so instead of slamming on the breaks, try easing in
📌Believing the retirement commercials of the financial-service companies: A goal-driven retiree needs more than a beach and golf to create a fulfilling life
📌Believing that retirement would make all problems disappear: Most often, any issues you experienced prior to retirement, follow you into retirement, so creating a plan to combat those problems ahead of time is key
📌Not having something to retire to: As the article states, “Retiring to nothing is equivalent to digging a premature grave”, so do some soul searching, and pinpoint your “why”
Summed up: Plan for a future that’s bigger than your past. “Retire With Purpose” – Enough said, right?