Life Transition and Retirement

Retirement Is a Major Life Transition 

Don’t kid yourself.  Without proper planning for the emotional side of retirement, you could end up floundering for a while when that new journey begins.   Take some time prior to retirement to ask yourself some provocative questions that will start you off running the day you leave your job.  Start today by asking yourself this question.  You should know this is just the tip of the iceberg.

What three words describe what retirement means to you?  Say the words out loud a few times.  I recommend writing the three words for more clarity.  Then, ask yourself the following questions and write your answers below each word.



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Retirement – Let’s Practice

Have you ever thought of taking a trial run at retirement?  What???  Yes, try living on your retirement income to the best of your ability.

Determine what your income and expenses will be in retirement.    Could you live within those parameters for 6 months starting now?  How do you feel about this trial?

Are You In Denial When It Comes to Retirement? 

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Money Story and Retirement

Your Money Story
Money often costs too much.
–Ralph Waldo Emerson

So, what is your money story?

Your money story is how money has impacted and is impacting your life now. First of all, it is a history of how you have handled it in the past. Then, how do you feel about it? Consequently, what has been the impact on your life decisions? Also, what is your family legacy around it, etc.

Does money flow through your hands like water? Or, are you a saver, consequently, never spending a dime? On the contrary, do you spend it, but have a budget to keep you from going overboard? Or, are you petrified of it and talking about it? Or, are you somewhere in between? This is an important question because being honest about your story could be the difference between a happy retirement and a stressful one.

Why You Need To Know Your Money Story

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Journal Your Way to Retirement

Get Ready to JournalRetirement?? – Nope, Not Me

Are you having trouble getting your head around retirement? Join the club. Not surprisingly, you probably are going through a myriad of emotions such as panic, fear, joyfulness, anxiousness, happiness, and on and on…………………………. The good news is there is a way to work your way through your emotions.

I recently retired and the transition was not as easy as I thought it would be. Even though I’ve studied financial transitions for many years, wow, when it came to my own transition, I was surprised at the many emotions that took over. Being a financial advisor, I would not have retired if money was an issue. But, I certainly could have prepared better for the emotional issues.

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