You’ve got your retirement ducks in a row—or so you think. You’ve been saving for years, have made healthcare decisions, and worked through a distribution plan for your nest egg, but have you given any thought to the non-financial side of retirement? In all the hustling around to set your retirement finances in order, many people neglect to plan for how they want to fill their days once they say goodbye to their career.
Once the honeymoon phase of retirement is over, after you’ve caught up on house projects, traveled a bit, and read through all those books on your nightstand, what do you want your daily life to look like?
For many, retirement conjures up images of carefree days, no responsibilities, and no schedule. While some eagerly strive for that, others cringe at the thought of no structure or plans. That’s the beauty of retirement—you can make it what you want it to be. Here are some ideas to consider as you plan your ideal retirement.
Work Your Dream Job
We’re not talking about the kind of job that most young college graduates dream of, full of power, money, and influence. We’re talking about that job that makes your heart race when you think about it, a job you’ve always wanted to pursue but didn’t think could pay the bills.
This kind of dream job could be opening a bed and breakfast, becoming a park ranger, hosting a class in a craft store, or starting a small business. When you are financially independent in retirement, low pay doesn’t have to keep you from taking on a job that you love.
Not everything worth doing generates a paycheck, but that doesn’t matter once you’re retired. Instead of spending long hours doing crossword puzzles, you may find more enjoyment in getting out and giving to your community.
Whether you volunteer by reading to children at your neighborhood elementary school, caring for animals at the local humane society, mentoring young adults coming out of the foster care system, or serving in your family’s church, the opportunities to volunteer are practically endless.
Invest In Your Family
If you ever felt guilty about spending long hours at work instead of with your family, now is the time to make that right. Retirement is the perfect opportunity to invest your time into the younger generations of your family. Be intentional about using this time to get to know your loved ones even better and to create some special memories they will cherish long after you are gone.
Do you have grandchildren in daycare or after-school care programs? Do you think they would be better off with a grandparent than a stranger? Now you can make that happen! Even if it is only one day a week, your grandchildren will be forever impacted by the time you spend pouring into their young lives.
Don’t Stop Learning
Do you ever dream of finishing that degree you started or studying a subject you’ve always been interested in? This is your chance to do just that.
Also, studies have shown that the more you work your brain as you age, the longer it lasts. Cognitively active seniors with an average age of 80 are 2.6 times less likely to develop Alzheimer’s or dementia than those with less cognitive activity. (1) That’s another great reason to go back to school!
There is a strong correlation between age and successful entrepreneurship, and the numbers are in your favor. (2) Middle-age and older entrepreneurs experience much higher success rates than the younger ones. Your hard-earned life experience counts for more than you think! So, instead of seeing retirement as the end of your working life, it can actually be a rebirth—one where you call the shots.
Are You Ready For Your Forever Vacation?
Whatever your dream retirement looks like, you need someone to help you get there. At D. Bryant Retirement Strategies, we are here to help you explore, plan, and prepare for every aspect of your ideal retirement. To learn more about what we do, call us at (402) 932-2141 or email firstname.lastname@example.org to set up a complimentary consultation.
Darrell Bryant, CFS®, CAS® is Omaha’s Retirement Strategist. As the founder of D. Bryant Retirement Strategies, he focuses on helping individuals and couples nearing retirement do so successfully. Along with more than 30 years of experience, he received the Certified Fund Specialist (CFS®) designation and a Certified Annuity Specialist (CAS®) designation from the Institute of Business & Finance. Passionate about helping as many people as possible in his community, he hosts Retirement Strategies Radio, heard Saturday mornings at 8 a.m. on 1110 KFAB. He has also written articles on financial planning that have been featured on Fortune.com, FoxBusiness.com, Money.com, and in the Midland Business Journal. To learn more, visit his blog, his website, or connect with him on LinkedIn.