Baby Boomers have a problem we rarely discuss and are reluctant to face. If like me, you are one of the 10,000 boomers who will retire today and every day for the next 15 years, you face two basic questions about your retirement.
Do you have enough money to retire? This is the question everybody talks about. The financial planning industry hits us with an endless barrage of advertising to generate enough fear so we’ll invest with them. Let’s say you’ve planned well, had some good luck and timing, and you do have enough money to retire. Good for you. Now you’re faced with the question nobody wants to talk about.
What are you going to do with your time when you retire? Most answers include some version of, “Sleep late, golf, and travel.” I hear this often from new retirees, and many are back on the phone with me before a year has passed. By then, they’ve had all the sleeping late, golfing, and travel they can take, and have discovered a new problem; they are missing the fulfillment and purpose they had with their career. They didn’t have a plan!
You should create a plan that includes identifying your true passions, which may be aligned with what you did for your career, or they may be new ones you haven’t yet had time to explore. Then look at how you can combine that passion with your skills, experience, and knowledge gained by a lifetime of work. This is the beginning of finding your own route to a retirement of fulfillment and purpose.
For example, a police officer becomes a private investigator for battered women. A teacher becomes an author of new textbooks. An airport operations manager becomes a field organizer for Red Cross emergencies.
Need a first step? Grab a copy of my new eBook, The Top 5 Retirement Planning Secrets. It’s free and you can get it by clicking here. When will you take the first step?
Do you have enough money to retire? This is the question everybody talks about. The financial planning industry hits us with an endless barrage of advertising to generate enough fear so we’ll invest with them. Let’s say you’ve planned well, had some good luck and timing, and you do have enough money to retire. Good for you. Now you’re faced with the question nobody wants to talk about.
What are you going to do with your time when you retire? Most answers include some version of, “Sleep late, golf, and travel.” I hear this often from new retirees, and many are back on the phone with me before a year has passed. By then, they’ve had all the sleeping late, golfing, and travel they can take, and have discovered a new problem; they are missing the fulfillment and purpose they had with their career. They didn’t have a plan!
You should create a plan that includes identifying your true passions, which may be aligned with what you did for your career, or they may be new ones you haven’t yet had time to explore. Then look at how you can combine that passion with your skills, experience, and knowledge gained by a lifetime of work. This is the beginning of finding your own route to a retirement of fulfillment and purpose.
For example, a police officer becomes a private investigator for battered women. A teacher becomes an author of new textbooks. An airport operations manager becomes a field organizer for Red Cross emergencies.
Need a first step? Grab a copy of my new eBook, The Top 5 Retirement Planning Secrets. It’s free and you can get it by clicking here. When will you take the first step?