Planning for the Ideal Retirement: What Financial Advisers Envision for Themselves
Retirement is a time that many people look forward to – a time to relax, travel, and pursue hobbies that may have been put on hold during their working years. But what does the ideal retirement look like for financial advisers, the very people who help others plan for this stage of life?
According to Tiffany Lee, an associate exit planner at Ellevate Advisors, the answer varies greatly from person to person. As financial advisers themselves are quickly approaching retirement age, it’s important for them to consider what they want their own retirement to look like. Lee’s job involves helping her clients envision their post-work lives, and she has seen a wide range of dream retirements take shape.
From amateur pilots planning to spend more time in the sky to fitness enthusiasts gearing up for more marathons and bike races, the possibilities are endless. Some clients dream of traveling the country in an RV, while others have their sights set on exploring Europe. The key, Lee says, is to find activities that bring a sense of meaning and purpose to retirement, rather than just focusing on leisure.
Many financial planners are already thinking about their own retirements, with 37.5% planning to retire within the next decade, according to Cerulli Associates. So what do these wealth managers envision for their own golden years?
For some, it’s all about giving back to the community through volunteer work or mentoring. Others dream of spending more time with family and friends, or pursuing creative passions like painting or writing. Some even plan to start a new business or embark on a second career in a completely different field.
No matter what form it takes, the common thread in these dream retirements is a sense of fulfillment and purpose. As Lee puts it, true happiness in retirement comes from filling your days with activities that are meaningful to you.
So whether your ideal retirement involves traveling the world, starting a new hobby, or simply enjoying quality time with loved ones, the key is to plan ahead and make sure your post-work life is filled with activities that bring you joy and fulfillment. After all, retirement is a time to finally focus on yourself and live life on your own terms.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.