When you first start planning your retirement, your most pressing concern is overwhelmingly determined by your financial situation. How much money do you need in order to be “ready” for retirement? What can you do to be sure that you’ll have enough to enjoy your golden years and achieve peace of mind?
Once you’ve acquired a certain level of wealth, however, finances are no longer a concern. You may begin to wonder what exactly your retirement will look like. Once you are no longer tied down by work, what do you want to do with your time?
Everyone will have their own ideas of how they want their retirement to look. Deliberately going through these 3 stages of retirement planning can help you craft the perfect retirement for your specific needs.
Stage One: Find What Drives You
When you begin to assess the types of activities you enjoy when you’re not in the office, you may realize that what drives you may not be the typical “retirement” activities of your parents or grandparents’ generation. A great way to get started is to make a list of things you already enjoy and that you’re good at or would like to try in the future.
For some, retirement may be trying your hand at entrepreneurship, for others it could be traveling the world. Stage one is your time to discover your own driving force. It could be a new hobby, learning a new skill or giving back to your community.
The only requirement is to discover a force that drives you forward.
Stage Two: Cultivating Your Interests and Rewarding Experiences
Once you have an idea of what you’d like to do and have done some experimenting with activities you enjoy, you may begin to see a shift in your way of thinking. When you’ve gotten comfortable with the notion of complete control over your time, your goals may begin to shift.
The key to stage two is to align your interests and experiences with the driving force you discovered in stage one.
You may realize that spending quality time with your family, enjoying the arts, or seeing the world have become top priorities. There are numerous ways to cultivate your unique interests and fill your life with rewarding experiences.
Stage Three: Making it Your Own
Once you’ve reached stage three you’ll most likely want to spend as much time in leisure and relaxation as you can. This is when having your list of what you love and what you’d like to cultivate comes in handy.
Take some time learning more about yourself, those you love, and the world around you. No need to make your retirement something that is prefabricated or “expected” of you.
This is the time to enjoy the fruits of your labor.
Retirement is going to look different for each individual retiree. Spending some time determining how you want your retirement to look, and being flexible to change, is a great way to ensure your enjoyment of retirement.
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