Key Strategies for a Successful Retirement Transition

Reported about 8 hours ago

Retirement expert Fritz Gilbert emphasizes the importance of thorough financial and non-financial planning before retirement, stating that successful transitions rely heavily on preparation. Many prospective retirees overlook the non-financial aspects, which can lead to challenges in finding purpose and structure post-retirement. Gilbert recommends tracking spending, discussing expectations with partners, and actively replacing the essential elements of work life—identity, purpose, and relationships. He also suggests utilizing strategies like the bucket approach to manage retirement finances, highlighting that unexpected opportunities often lead to fulfilling experiences in retirement.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis