‘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 and area youth jump into curling this winter

Junior Curling Program runs Monday nights in Stettler

Stettler secondhand charity looks for new home

Superfluity lease not being renewed; will move by Sept., 2018

First auction of 2018 has solid numbers: auction market

Stettler Auction Mart sees 700 head move through Jan. 9

Lars Callieou to entertain in Halkirk on Feb. 10

Volunteer appreciation supper held on Friday night

Outrage against hunting ‘pretty animals’

But its ok if they are ‘stupid and ugly’

Stettler and area youth jump into curling this winter

Junior Curling Program runs Monday nights in Stettler

Tom Brady leads Patriots back to Super Bowl, top Jaguars 24-20

New England to face winner of Sunday night’s game between Minnesota and Philadelphia on Feb. 4

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

John ‘Chick’ Webster, believed to be oldest living former NHL player, dies

Webster died Thursday at his home in Mattawa, Ont., where he had resided since 1969

Bad timing: Shutdown spoils Trump’s one-year festivities

Trump spends day trying to hash out a deal with Senate Minority Leader Chuck Schumer

Provincial park no more

The province transferred Sylvan Lake Provincial Park to the Town yesterday

Most Read


Weekly delivery plus unlimited digital access for $50.40 for 52 issues (must live within 95 kilometers of Stettler) Unlimited Digital Access for one year for $50.40 Prefer to have us call you? Click here and we’ll get back to you within one business day.