A successful retirement isn’t just about keeping busy – it’s about leading an engaging and fulfilling life that’s focused on the future. But finding purpose in retirement can be daunting, especially if your lifestyle changes significantly after leaving the working world. In today’s episode, hosts Tim Regan and Katie Umland share their tips, tricks and insights into keeping active and healthy in your golden years.
Imagine this: after decades working, you’ve finally reached retirement. You wish nothing more than to sit inside and catch up on your favorite shows, read books and relax. But suddenly, a year or two has passed – and you feel like something is missing.
This is just one example of why retirement planning is so important for not only your wallet, but your health and overall fulfillment. Many people underestimate just how long retirement can last – and how much your health, goals and finances can vary during that time. The key to success? Living with purpose and intention.
“What we would like to help people do is ask, ‘What life do I think God created me to live?’” Regan explains. “And then, ‘How do I put that into action in my everyday choices?’”
A big piece of that purposeful mindset is to focus on the future. The hosts recommend retirees think of their retirement in five-year increments, planning out specific goals for the coming years. Whether that five-year plan includes taking the grandkids to Disney world or relaxing at home alone, having intention can help you stay focused on your wellbeing and enjoying your golden years.
“Being future-minded versus history-minded really helps for people to have that longer healthspan, not just lifespan,” Regan says.
The hosts also explain that those with adventure-heavy bucket lists may wish to front-load their retirement, crossing off those physically demanding goals while they’re still feeling up for it.
Whatever you envision for your life post-work, a financial advisor can help you navigate the numbers and build a plan based on your unique needs. Hit “Play” to learn more, or click here to check out our other Retirement Readiness episodes!
Key Timestamps and Topics
- 00:01:17 – The hosts discuss the difference between lifespan and healthspan in retirement, noting that while medicine has extended our lives, the last decade can often be a decline. Engaging in hobbies and activities can help extend one’s health span.
- 00:03:15 – Tim and Katie discuss the importance of developing a plan for retirement hobbies and activities. They suggest starting with a game plan and being intentional about finding a balance between individual activities and social engagements.
- 00:09:41 – Tim and Katie emphasize the importance of choosing the retirement lifestyle that aligns with your desires and intentions. They encourage retirees to be proactive in designing the life they want, whether it involves staying home or exploring new experiences.
- 00:13:38 – Planning for retirement and envisioning the activities and expectations for that phase of life is crucial.
- 00:14:55 – It’s important to have conversations with your spouse and family about expectations for retirement.
- 00:15:18 – It is never too late or too early to pursue new goals and interests. The next five years of one’s life are going to pass regardless, so why not make the most of it?
- 00:16:21 – Tim encourages individuals to embrace retirement, look forward to it, and seek guidance from financial advisors or resources to help develop ideas for how to spend their time.
- 00:18:07 – The speakers suggest reaching out to friends, local park districts or financial advisors for support and ideas during retirement.
3 Key Takeaways
- Discover how engaging in purposeful hobbies and activities can extend your health span after retirement.
- Understand how to cultivate a vibrant social network in retirement, keeping loneliness and isolation at bay.
- Grasp the importance of forward-thinking in designing a fulfilling and intentional life post-retirement.
Links
Plan a Fulfilling Retirement
The experts at PrairieView Wealth Partners can help you create a financial plan that centers on your life goals. Click here to connect with a member of the PrairieView Wealth team and get started today.
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