The recent downturn in the market has forced many of us to
consider delaying retirement. Maybe we
just need to modify our recipe.
Retirement can be a time of growth and reinvention. It helps to envision retirement as a career
and lifestyle transition rather than an end to working. Your recipe for retirement might include a
mixture of working, learning, relaxing and trying new things. If you then season your retirement freely
with the endless number of travel and leisure opportunities, you will have a recipe
worth passing.
Everyone will have
slightly different ingredients in their recipes and the options are endless. Many workers will find that they can finally
take a job they enjoy. For that person
the pressure to succeed in the corporate world is eliminated. Any “extra” income allows for travel not
indulged in prior to retirement. Older
workers may request and often receive more flexible schedules.
The rising cost of health care is one reason to continue
working. Experts suggest that keeping
active, mentally, physically and socially is good for older workers’
health. Working also gives us something
to look forward to every day. Social
interactions and relationships provide more meaning to life. Even if additional income isn’t necessary
for your retirement you should consider keeping active, in whatever fashion
suits you. Volunteering is an excellent
way to remain active while working for a worthy cause.
Ok, so what should you do first? The most important step in your recipe is deciding what
ingredients your strategy for retirement will include. Will you work fewer hours, try a new career,
go back to school, volunteer? There are
many options so no matter what you decide, know that planning can help you enjoy
and strive in this new phase of your life.
If we can help, please call Kendra @ 847-290-0753 for an
appointment. While we can’t decide the
ingredients for your receipt, we can help you determine the amount of assets
you will need to make it a success.
