giving back after retirement

Retire Happy by Giving Back

In Articles by Mission Wealth

 
How to retire happy?

“How can I retire happy?” is a question that generations have asked. To answer that question, we must first explore what happiness means to you during retirement, and then figure out how to achieve that sense of fulfillment that you might have honed during your career. Fortunately, the professional skills you’ve gained during your career are still incredibly valuable during retirement, so we’ve put together some of our top ways that you can retire happy and get back that sense of fulfillment.


Rarely has there been a greater need for talented and dedicated people with a wide variety of abilities to pitch in and help their communities tackle some significant problems. But giving back is also good for you. Many studies link volunteer work to increased longevity and improved mental health for seniors.

Discuss these three questions with your spouse to help decide what kind of volunteer position could be right for you.

1. What skills do you giving back after retirement 1have?

Charitable organizations have many of the same needs that for-profit companies do, including office management, event planning, accounting, data entry, graphic design, IT, and team building.

However, these organizations can also benefit from skills that you might take for granted. With a little training you could become a tutor, helping students of all ages master basic reading or mathematics. If you’re good at wrangling kids, you could help at an after school program. If you’re good at wrangling adults, you could help your charity of choice organize groups of volunteers during large events like fund drives.

One word of caution to seniors who ended their careers in the C-suite: not being the boss can take some getting used to. Remember that volunteer organizations have developed best practices that they know will help them achieve their objectives while also keeping everyone safe. Knowing when to tap into your executive experience and when to dig in with the rest of the volunteers is just another part of retirement you’ll need to adjust to.

2. How much time shouldgiving back after retirement 2 you commit?

One benefit of taking on a volunteer position is that it can help fill some of the hours that you used to spend working. Many seniors find that having places to be and things to do adds more structure and meaning to their days, especially when they’re giving back.

Designing the perfect retirement schedule is often a process of trial and error, especially if you’re married. As you and your spouse adjust to spending more time together, you’ll also explore ways to spend time apart. If you’re enthusiastic about volunteering, you might be tempted to jump in with both feet. But early in your retirement, building a little flexibility into your schedule might be best. After all, volunteer work is still work. In some cases, volunteering might even be more physically and emotionally demanding than your old job. Make sure you’re still leaving yourself time to unwind, bond with your spouse, play some golf, and progress through that list of great books you want to read.

3. What causes are closestgiving back after retirement 3 to your heart?

Your retirement was already going to be very different than your parents’ or grandparents’. Today’s retirees are healthier, more active, and living longer than previous generations of seniors. Thanks to technology and new media, you’re also more connected to the wider world.

But you’re also retiring at a truly historical moment. The combination of the Covid-19 pandemic, economic struggles, and social unrest in American cities has created a wide gulf of need that will take years to fill. Your abilities and your passion have never been more valuable to charitable organizations, non-profits, schools, churches, and civic groups.

Again, you may feel compelled to start doing as much as you can, right away. But take some time to find the best match between your skills, your experience, your interests, and what your community needs. The better that fit is, the more rewarding your volunteer work – and your retirement – will be.

If you’re wondering how to integrate a volunteer position into your retirement, we have a new tool that might help. Give us a call and we can work through an Inspired Life Purpose exercise together. As always, please reach out to our experienced team of advisors with any questions.

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