When contemplating retirement, it’s essential to take a comprehensive approach to ensure that your post-work life is fulfilling and aligned with your personal goals and values.

Current reports find that the current life expectancy for American women is 80.2 years, compared to 74.8 years for men¹. Depending on your health and target retirement age, it’s possible to spend well over a decade outside your working career, making it important to create the life you want for yourself in those golden years.

Some things to consider:

Financial Confidence: Budgeting has likely been a part of your routine for years, and preparing for retirement is no different. Income and spending will likely be much different in retirement, so it’s important to take a close look at how these changes will fit your goals.

Health and Wellness: One of the biggest increases in spending for those in retirement is for healthcare needs. Your well-being is paramount, but planning for these needs beforehand can help you provide for future needs without creating an overwhelming burden on savings meant for your enjoyment in retirement.

Purpose and Identity: For many, work provides a sense of purpose and identity. Transitioning to retirement can sometimes lead to feelings of loss or uncertainty. It’s important to find new sources of purpose to craft a new lifestyle that meets your personal and social needs.

Planning for retirement isn’t as simple as hitting a certain dollar amount and then pulling your golden parachute. Our team of experienced financial professionals can guide you through all areas that should be considered and planned for. Contact us at 678-539-9518 and speak to a team member to design a retirement plan you can build with confidence.

1. https://www.forbes.com/sites/stevevernon/2024/02/01/life-expectancy-after-retirementheres-what-to-expect/

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This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.