Retirement Coaching is a very important part of any family’s estate or financial planning. You may know how to make money and to save money, but not everyone can be an expert in everything. Just like you would need a coach to play a professional sport, retirement coaching can help you meet your retirement goals. Plus a coach can help you plan what to do when you’re not working forty or more hours per week so that you get the most of the best years of your life and reconnect with the community.
What is Retirement?
Most of us think of retiring as the end of professional work. But there are actually many different definitions, as many definitions as there are retirees. Some see it as a chance to move to Arizona and play golf daily. Others want to travel and see the world. Some see it as an opportunity to do full-time volunteer work for a cause they believe in. Some might wish to spend time coaching little league or other youth sports. Some want to fish all day, others want to spend time with their grandchildren, and some even start new careers enjoying the challenges and joys of a new start in life while enjoying the full financial benefits of what they worked for all their lives. To get the most out of your time, retirement coaching can make the difference. Just as you may have had a mentor or coach early in your work career, a coach for your end of work time can be just as important and just as helpful.
Retirement coaching can help you plan out both financially and logistically what you want to do with your time without work. Planning ahead is the key to a successful retirement. If you wish to travel, for instance, deciding which countries to visit, making sure your passport and other documents are up to date, arranging for house sitting and care for pets are all things that need to be planned. You may think you’ll have time after you retire, but wouldn’t you rather spend that time doing the things you enjoy. That’s where retirement coaching pays off.
Retiring on your terms requires the right finances. And to get those finances you must plan ahead and the earlier you start the better. If you are lucky enough to have a defined benefit plan through your work, then a lot of the job of financial planning is already finished. But most of us have defined contribution plans which require us to do some more work and planning. A retirement coach can help you with those decisions. And while pensions are great, they may not be enough to allow you to live as you wish once you have no full-time job. As some wives sardonically state, retirement is twice the husband and half the money. This needed be with the right financial planning and saving. Your coach can help you plan how much to set aside to have a prosperous retirement that allows you to do those things you wish to do.
The time after you end your full-time job can be many things. With retirement coaching you can make the most of it. It may start to sound as if it’s going to be a lot of work but with the right coaching it doesn’t need to be. Unfortunately, we are all limited in the amount of time we have on this Earth and after years of hard work you want to enjoy the reward of a happy time off. That means doing what you want to do and having the resources, the health, and the plans in place to do it. Prior planning can ensure your post-job time is the best it can be, even if all you want is to spend more time with the grandchildren and sit under a shady tree with a fishing pole drowning worms. Retirement coaching can make the best of the time you have left and ensure you have the financial means to accomplish it. The coaching isn’t expensive and needn’t take a lot of time, but the results can be priceless.
Make plans today to seek out a good person for retirement coaching, It will pay off in the long run as your time after work will be fulfilling, enjoyable, and fun. Whatever it is you wish to do, Retirement coaching can make sure you are able to do it. The coaching is productive and enjoyable and you will be able to leave work without fear, worry, or trepidation. You wouldn’t start a new job without coaching, why should this time be any different. Plan today to get the coaching you need to make your golden years truly golden.