While I may be ready to change careers or wind down my work or business involvement, I am definitely not ready to enter the last phase of my life! So, I may call this transition retirement, but I can assure you that it doesn’t have the same connotation for me as it did for my parents.

 

Perhaps the only common vision of retirement that most can agree on is that‘retirement’ is that change in your life when you decide that, from this point on you can now do WHAT you want, WHEN you want and HOW you want.

 

That’soften why planning doesn’t reflect individual reality. Retirement is typically viewed as a financial issue only. We have also made the assumption that retirement planning is leisure planning, as if you are embarking on a thirty-year long weekend. 

 

My‘retirement plan’ is really a blueprint for how I want to live my future life.It is as individual as I am, and my plan will likely differ from what you want to do in your retirement.

 

It is time to re-engineer the planning process for retirement. It has to reflect your individual life goals and consider those life areas that will be important to you in the future as a precursor to the financial planning discussion. My goal is to give you some pointers on how to successfully make the move to whatever you want this next phase of life to be. Then, you may be in a better position to build the kind of financial strategy that will help you achieve your life plan (aka personal goals) for the future.