Serious intent is important when you think about retirement finances, but it also takes serious action to get things done. Here are five questions that could help you get into action mode.
After writing several editions of Where to Retire in Australia, people often say to us that Where to Retire in the Worldwould make for an interesting book!
It’s important to think about your retirement and your plans, but it’s also important to reflect on the most important element of your retirement—you!
Living a life with meaning is more important than pursuing happiness. That’s the conclusion of Emily Esfahani Smith, author of The Power of Meaning. She says, ‘So many of the people that I know and admire aren’t focused on pursuing their own personal happiness. They’re focused on leading meaningful lives and what they can do for others.’
Retirement is a life change that can seem complex and daunting. However, the following five questions can help keep it focused and, hopefully, simple.
When you retire you have much more control over what you’re going to do. What’s it going to look like for you? Have you thought it through yet? Here are five starter questions that can help you with your planning.
A study conducted by the University of Michigan surveyed about 20,000 individuals in the US aged 55 years and older. It asked questions about life satisfaction. ‘One of the first questions we asked was . . . whether money makes people happier in retirement,’ reports researcher Michael Finke. ‘The answer was yes—in fact, quite a bit happier.’
A good answer to that question can come from two things: analysing who you are now—because you will take who you are into retirement; and what you want from your retirement.
Any change causes stress. Retiring is no different. Full retirement usually means the end of your working life, which is a huge transition. You can add to this the uncertainty of not being sure whether you’ll survive financially (a common fear). And there’s the sense that you’re now entering the last stage of life. Both these thoughts add pressure.