Purpose-Based Planning

Why do you get up in the morning? It might be one thing in particular, or a multitude of things. Whichever the case, that is your purpose, and it’s essential to your health, happiness and overall wellbeing.

A question our team often faces is, “When should I retire?” And for couples, a follow-up inquiry can also include whether or not that answer should differ from your spouse.

Where you decide to live in retirement should mirror your values, purpose and passions. Just like everything else you surround yourself with, you want your residence to bring fulfillment, but choosing where and what that looks like can be challenging.

Upon entering retirement, being posed the question, “What do you do?” might cause you some anxiety.

We’ve previously discussed the concept of a ‘phased retirement’ on the Retire With Purpose podcast, but another way to test out this new lifestyle is a retirement trial run.

Throughout our working years, we strive for success to meet deadlines, get promotions and advance our careers. However, upon entering retirement, the paradigm shifts.

We often refer to retirement as a transition you make. Being “retired” isn’t your identity, and doesn’t define who you are as a person, because in this part of life, you have the opportunity to truly live out your purpose.

Retiring on your own terms is the ultimate financial end-goal; however, deciding when to make that transition can be difficult. Money aside, you need to have the right mindset, and that means getting in tune with how you feel right now, as well as understanding how this change will impact your partner.

Society’s preconceived notion that retirement means sitting on your porch, drinking lemonade, and twiddling your thumbs is beyond outdated.