‘Turn those retirement dreams into your reality’

“Don’t simply retire from something; have something to retire to.”

By Peter Boys

“Don’t simply retire from something; have something to retire to.” That’s a profound statement by Harry Emerson Fosdick, who was regarded by Martin Luther King Jr. as the greatest preacher of the last century. With so many boomers retired or nearing retirement, his statement is especially relevant today.

Having a successful retirement is much more than having enough money. It’s about being happy, fulfilled, and valued. Boomers moving into retirement are concerned about loss of social interactions, especially after leaving the formal work force. Many will continue to work or contribute in some way because they enjoy interacting with people. Many retirees have commented that they miss the social interactions they had at work, more than the lost income.

How will you follow your dreams? Without a job to go to, you will have a lot of time to do other things. After having a coffee and reading the news, how will you spend the rest of your day? Some tell me they’ll golf or travel. Those activities may take up a couple of days a week, or a month out of a year, but what will you do the rest of the time? Will your ideas or priorities change over the years? Vacations can provide a sample of life after work and are a wonderful chance to put some thought and conversation into retirement.

Think about what you want to do in this new phase of life. For example, will you retire to a new career or a new hobby? Here are some other things you might want to consider:

• Learn a new skill

• Start a business

• Continue working part-time at something you love to do

• Do something adventurous

• Spend more time with family and grandchildren

• Get into better shape by biking, hiking, swimming

• Volunteer It doesn’t take much effort to imagine what one wants to do once retired, and it can provide a great starting point for planning for the rest of your retirement.

After my clients given some thought to retirement in general, I give them a more specific retirement lifestyle quiz to help clarify their retirement vision:

• What does retirement mean to you?

• Do you want to work during retirement or retire early?

• What is your ideal vacation?

• Do you plan to make any major purchases during retirement, like a cottage or luxury car?

• Would you consider going back to school?

• If you want to escape the cold winters and be a snowbird, how long would you live outside of Canada? Would you rent or buy?

Another important question is, “What’s your biggest financial and emotional worry in retirement?”

Research shows that many Canadians are concerned about paying for their lifestyle in retirement.

— Money Talks

Just Posted

Stettler dancers land amazing experiences in the ‘Big Apple’

Hailie Ripley and Elisa Collard will soon be jetting off to New York City

Calgary’s Erin Ross featured at Entertainment in the Park July 24th

Ross has performed several times in past years at the popular event

Ponoka RCMP investigate motorcycle crash resulting in fatality

On July 13th, the man succumbed to his injuries while in the hospital

Castor resident meets award-winning namesake

Luella Kowalsky, who is a resident of Castor’s Paintearth Lodge, met ‘Miss Luella’ recently

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

Experts say he will likely wind up at the federal government’s Supermax prison in Florence, Colorado

Natural gas producers demand government action in open letter to Kenney

The letter warns that the viability of the natural gas sector is in jeopardy

Remains of missing Edmonton woman discovered outside of North Battleford: RCMP

The 25-year-old Edmonton woman was reported missing on May 12

Companies to appear before panel today in public inquiry into B.C. gas prices

A three-member panel by B.C. Utilities Commission will listen to up to four days of oral hearings

Interviews with family of highway shooting victim heard in Calgary court

Horst Stewin’s relatives were set to testify by video from Germany this morning, but a court translator said she was unable to proceed

Lower gas prices slow annual inflation rate to Bank of Canada’s 2% bull’s-eye

Prices showed strength in other areas — led by a 17.3 per cent increase in the cost of fresh vegetables

Special memorial service to say goodbye to murdered Kelowna teen

A memorial service and celebratio of life was held Tuesday for murdered teen Elijah-Iain Beauregard

RCMP investigating alleged ‘sexual misconduct’ by cyclist on BCIT campus

BCIT said they were reviewing video evidence of the incident

Graphic suicide scene edited out of ‘13 Reasons Why’ finale

Suicide prevention groups support the decision

Most Read