Non-Financial Aspects of Retirement Planning
Lastly, the new retiree is characterized by a vital sense of self. Those on the verge of retirement are not expecting to spend their twilight years sitting in rocking chairs. To the contrary, they show no signs of slowing down at all. As the pundits have noted, middle age now occurs around 50. Planning for retirement will take on new and different dimensions as retirees seek to define meaningful and fulfilling roles for themselves in a new life phase. Financial security will remain a top priority, but quality of life and the definition of what “self” retirees want in the future will drive their retirement goals and objectives.
Retirement planning should strive to reach past the question of “how much money?” It must also embrace many non-quantitative aspects of an individual’s life, such as:
Given all of the factors reviewed thus far, the importance of a sound, detailed, and holistic approach to creating a retirement plan cannot be underestimated.
- independence
- choice
- security
- opportunity
- dignity
- perhaps most importantly—peace of mind
Given all of the factors reviewed thus far, the importance of a sound, detailed, and holistic approach to creating a retirement plan cannot be underestimated.