The theme this week on the Retirement Quick Tips Podcast is: Know Thyself. I’m posing some questions you’ll want to ponder as you approach retirement that will help you keep the big picture in mind and align your finances with your most important goals.
Today’s question is: What’s your vision for your retirement? In other words, How are you spending your time? What are you involved in?
Why it matters…After the “honeymoon” period of the first few months of retirement, boredom and depression are common.
Implications for your finances…Important to make a plan before retirement
Examples:
- Only so much golf, fishing, gardening you can do? What will you do throughout the year?
- Structuring your time - 50% should be scheduled and structured…I’m type A so I recommend sketching out an ideal week. See how much of your time is filled with things you need to do and things you want to do. You may never have a single week in retirement that looks exactly like this, but it will help you to be intentional and fill your time with things that are fulfilling and meaningful.
That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.
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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance