Retirement Planning Goes Beyond Money

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In her article ‘Multidimensional retirement planning’ independent writer Linda Stern recommends at Reuters.com:

“Having enough money is crucial for a comfortable retirement; having a lot of money is not. With 401k balances in the dumpster, this might be a good time to look at the other dimensions of retirement planning. Researchers say there are specific and measurable non-financial assets that folks should bring with them into retirement: Items like an exercise habit, connection to a religious community, and a good sense of self.”

“Self-awareness is highly predictive of success in retirement,” says Bill Bryan of Next Dance, a company that offers pre-retirement psychological testing and coaching. The factors that most affect how a person adapts and enjoys his retirement:
1. attitude toward aging
2. commitment to society
3. self-awareness.”

A detailed checklist is offered to help you think about how little you actually have to spend in dollars to achieve each of the items:

Knowing yourself.
Being on the same page as your partner.
A volunteer gig.
Connections.
Health and strength.
The knowledge that change is the only constant.

Source: Reuters.com

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April 19 2008 04:23 pm | Uncategorized

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