Retirement decisions today are far from a straight line equation.
There are many factors that need to be considered as you direct your attention, energy, time and resources in a way that will lead you to your future desired lifestyle. Finances and health status are, of course, critical components, but other questions need to be answered as well, including:
What role could a part-time career play in the picture? More seniors today are finding work later in life to be a fulfilling part of their retirement and more employers are realizing the tremendous asset a seasoned employee brings to an organization.
What are your desires with housing? Are you inclined to stay in your family home indefinitely, are you hoping to make improvements to the home, or are you ready to downsize or even rent? In this mobile era we are in, many retirees are prioritizing travel, ease and flexibility over maintaining a significant chunk of their nest egg into a higher maintenance home.
How does family support come into the mix? Are there parents, children or grandchildren that you want or need to be close to and possibly live with? The sandwich generation is becoming the new normal where parents and children remain dependent to a degree on the early retiree.
What are your “bucket list” hobbies, trips or experiences that are important to you not to neglect in your retirement years? Have you always wanted to take a European river cruise, learn how to play guitar, take a cooking class or learn to speak Spanish? Is there a charitable or community cause that you are passionate about supporting with your time, talent or treasure? Becoming clear on what the activities are that will feed you will help you avoid having regrets on your death bed. These are important components to prioritize in your retirement planning.
With proper proactive holistic planning, retirement can and should be one of the most enjoyable phases of life. Mission Wealth is here to assist you in intentionally designing a retirement lifestyle that is sustainable, enriching and A LOT of fun. It is our pleasure to help you dream big and outside of the box. Please reach out to your wealth advisor or any of us on the management team to help you craft a retirement of your dreams.
Inspired Living™
Are you living your life in a way that brings you joy and meaning?
Join the Inspired Living™ movement to elevate your past, present and future. Let us introduce you to prominent thought-leaders, life coaches, and influencers who can work together with you to develop your customized life plan. We will give you curated resources, actionable advice and targeted strategies during your journey of self-discovery. Then we will align your multi-dimensional and multi-faceted life with your ultimate vision so that you can become the BestU™ in your life journey. Learn More
Mission Wealth is a Registered Investment Adviser. This commentary reflects the personal opinions, viewpoints, and analyses of the Mission Wealth employees providing such comments. It should not be regarded as a description of advisory services provided by Mission Wealth or performance returns of any Mission Wealth client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data, or any recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Mission Wealth manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
