Ep #39 Retiring with Purpose
A compelling sense of purpose accompanies a fulfilling life. Often, we derive that sense of purpose from our work. It can be a struggle to replace that compelling sense of purpose in retirement. However, uncovering a new purpose during retirement can be freeing. It can give you a renewed sense of joy and fulfillment.
We discuss the importance of having something to look forward to, For instance, these could be hobbies, volunteering, and new experiences. This may even mean creating a list of priorities like family, health, and new experiences. We want you to know your purpose doesn’t need to be “set in stone”. It can and will change as you move through your retirement years.
It can also be as simple as asking yourself the question “what’s next”?
What You’ll Learn in Today’s Episode:
How to plan for a fulfilling retirement, beyond money.
How to identify passions, activities, and experiences that give purpose.
Understand what’s most important to you now.
A sense of purpose is not rigid, and it will shift throughout your retirement years.
Ideas Worth Sharing:
“Find that sense of compelling purpose that gives you a fulfilling life.”
“It’s so important to start thinking about purpose ahead of retirement so that once you get there, you don’t lose a stride and you know what’s going to get you up, what’s going to keep you going.”
“We don’t stop playing because we get old. We get old because we stop playing.” – George Bernard Shaw
“Retirement is a new opportunity to experience things that we maybe once wanted to but never got around to.”
“Start envisioning your past or present experiences and look at your accomplishments and then brainstorm those.”
Resources In Today’s Episode:
Ep # 16: Living a Passion Driven and Authentic Life with Scott Armstrong
Ep # 24: The Curated Retirement, Interview with Retirement Coach Tammy Vigue
Be Your Future Self Now: The Science of Intentional Transformation
Man’s Search for Meaning – Viktor Frankl
Retirement Planning: Finding Your Purpose Beyond Your Career
Retirement can be a challenging time for many people, especially those who have spent their entire lives dedicated to their careers or businesses. When you retire, you leave behind the structure and direction that work provides. This can make it difficult to find a sense of purpose. In addition, it’s important to recognize that this is a normal experience and that many people struggle with finding their purpose in retirement.
Retirement Navigator
We’ve been working on a Retirement Navigator to help people navigate the retirement planning process. One of the key components of this navigator is finding your purpose in retirement. Furthermore, we believe that having a sense of purpose is essential to living a fulfilling life in retirement.
Identity and Purpose in Retirement
Firstly, one of the first steps to finding your purpose is to examine your current identities. For example, are you a parent, an entrepreneur, a lawyer? Do you identify with your career? Identifying your current roles and how you see yourself can help you understand how your purpose might be tied up in those roles.
Evaluating your Experiences, Accomplishments and Skills
Secondly, it’s also important to consider your past and present experiences, accomplishments, and skills. What are the things that you enjoy doing, and what are you good at? These experiences, accomplishments, and skills can help guide you toward your purpose in retirement.
For example, if you’re a financial advisor like Joseph from our team, you might find that a big part of your job is teaching, and you have a knack for it. Ultimately, this could be a skill that you carry forward into retirement, whether that means teaching financial literacy classes or mentoring young entrepreneurs.
Purpose is a Journey, not a Destination
Finally, finding your purpose in retirement is a deeply personal journey that requires reflection and self-awareness. It’s not something that can be found overnight, but by taking the time to examine your identity, experiences, and skills, you can begin to uncover your purpose beyond your career. Retirement Planning Simplified is here to help you every step of the way, so you can live a fulfilling life in retirement.
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