Day One of the Rest of Your Life
Visualizing what you want in retirement before you get there may lead to greater fulfillment.
Like all major life events, transitioning to retirement will be an adjustment. It’s important that you’re ready for that change, so you can step into your new life with confidence. One day you may go from your seat at the top as a powerful executive to a lounge chair in your living room. Without your career to define you, you’ll want to discover new meaning.
Finding the answer takes a lot of preparation – emotionally, physically and financially – and a lot of thought. While the financial component is critical to a sustainable retirement, so is your quality of life. Too few people consider the psychological factors. If you can start visualizing your ideal retirement now, you’ll set yourself up for a more satisfying and fulfilling day one.
Thinking ahead
Experts say a steady transition into retirement makes for a more successful one. One psychologist suggests focusing on these key areas to consider the life you’re looking for.
Focus on enhancing relationships. Establish weekly game nights with friends or Sunday dinners with family, for example. Be sure to maintain or expand your social life and stay connected. Studies show having friends and family for entertainment and support significantly enhances a retiree’s quality of life.
Keep your mental and physical health a priority. Set up and keep wellness appointments and exercise daily. And don’t forget to relax. You’ve earned it! Take time for yourself when you need to, and nap when you feel like it.
Make sure you feel as financially secure as possible. Ideally, you’ve been working toward this goal throughout your career. If you need to clarify your retirement income stream, do that now with the help of your professional advisor.
Stay young at heart. Take up an old hobby or find a new one, learn welding or Spanish, play a new instrument. Or, if you really want to dive in, consider that Harvard and Stanford have established learning programs for leaders who had distinguished careers. The point is to plan and embark on a new adventure every week, even if that’s tutoring an elementary student in math or trying a new restaurant. Find something that keeps your brain firing.
Be kind. Acts of kindness make everyone feel good. Volunteer, donate time or money, or contribute to your community in another way.
As you work to home in on the activities that will help you live well on a day-to-day basis, you’ll want to make sure your family and advisors can picture your vision too, and that the details are included in a well-documented financial plan. Being able to clearly articulate your vision helps to prioritize your needs, wants and wishes in order to figure out how to make them a reality.
Next steps
As you approach retirement:
- Visualize how you’d like to spend your days in retirement without a schedule to dictate your day
- Consider each psychological/emotional aspect of your life to ensure it’s being fulfilled by your retirement plans
- Speak to your advisor to ensure the financial plan you have in place will make your vision a reality
Sources: ucsfhr.ucsf.edu
