September 7, 2023

Beyond the Financial Plan for Retirement by Michael Ogg

Overall, retirement planning is just one piece of the puzzle when it comes to planning for your future.  It isn’t just about numbers and savings; it’s about crafting a fulfilling and purpose-driven chapter of your life.  As you journey towards this milestone, let’s explore some crucial considerations beyond the financial aspect.

  • Health and wellness: Your wellbeing is your greatest asset!  Prioritising physical fitness, maintaining a balanced diet, and nurturing your mental health should remain constant goals. Embracing a lifestyle that supports your vitality becomes even more essential as the years unfold.
  • Communication is Key: While one partner may have taken the lead in managing finances, it’s essential that both individuals in a relationship are well-versed in the financial landscape.  Regular, open conversations about financial goals, investments and important documents are vital to avoid unnecessary stress in times of crisis.
  • Purpose and fulfillment: Work often infuses our lives with purpose, but retirement offers a fresh canvas to paint new passions, explore hobbies and channel our expertise into exciting ventures. Engaging in meaningful activities and seeking new horizons are pathways to lasting fulfillment.
  • Relationships and social connections: The bonds we build nourish our lives. Staying connected with loved ones, cherishing family moments, and fostering friendships are lifelines that keep our hearts full.  Retirement can be a catalyst for forging new connections and embracing enriching experiences.
  • Housing and living arrangements: Our living spaces evolve over time.  As we age, evaluating our housing needs becomes paramount.  Whether it’s downsizing, finding community in retirement living or making adjustments to your current home, creating a comfortable environment is pivotal.  Do it sooner rather than later so you can make your own decision.
  • End-of-life planning: Though difficult, preparing for the inevitable is an act of love for ourselves and our families. Preparing a will, designating healthcare proxies, and considering our preferences for end-of-life arrangements offer peace of mind and clarity during a challenging time.
  • Organise Important Documents: A comprehensive collection of crucial documents is a beacon of clarity during challenging times.  Ensure your loved ones know where important documents such as wills, insurance policies, investment accounts and medical directives are located.  When both partners have a clear picture, they can support each other and make informed decisions, no matter the circumstances.
  • A Comprehensive Vision: Retirement planning isn’t a singular endeavour – it’s about embracing a multidimensional vision for your future.  Each piece of the puzzle – financial, emotional, social, and practical – contributes to the whole, shaping a vibrant and purposeful retirement.

I encourage you to embark on this journey with intention and curiosity, celebrating not just the financial milestones, but the rich tapestry of experiences that make up a well-rounded life.

Here’s to thriving in your retirement and savouring every facet of your future and, as always, if you have any questions please do not hesitate to contact one of our advisors.


Click to access the login or register cheese