Considering the Non-Financial Side of Retirement
No images? Click here By Cheryl Winokur Munk | Nov. 21, 2021 Many retirees mistakenly believe that attaining financial security will assure them a fulfilling retirement. That’s where some financial advisors are proactively stepping in—helping clients home in on the nonfinancial side of the equation. Advisors say they are trying to get clients to think in advance about how they want retirement to look and how they can make the most of their time after leaving the workforce. These nonfinancial types of conversations could become even more important as retirement plans get rejiggered amid the pandemic. Many people become bored, depressed, or feel life is less meaningful in retirement, so advisors say it’s especially important that clients be able to frame the next stage of their life in more concrete terms. As a conversation starter, Howard Lutz, senior vice president at Intercontinental Wealth Advisors in San Antonio, encourages clients to articulate why they want to travel, why they want a slower pace, or why they want to spend more time with their children and grandchildren, for example. “The further we can dig in past the initial abstract idea of retirement, the better,” he says. Please read on for more nonfinancial retirement considerations: Think Retirement Is Only About Dollars and Cents? Think Again. Thinking of Joining the Great Resignation? Here Are 6 Things to Consider First.More Americans are quitting their jobs than ever before, and many of them don't plan to come back to the workplace. A record 4.4 million voluntarily left their jobs in September. Should You Repay Your Mortgage Early? What to ConsiderWith interest rates low, paying off your home loan early might seem pointless. But it can make sense for many people, particularly those in or near retirement. These 5 Great, Easy-to-Read Books About Money Will Change How You Think About Investing"There are many great books about investing, many fewer about personal finance," Howard Gold writes. "But not all are suitable for the novice investor." Are Roth 401(k)s Still a Good Deal? When to Use Them—and When to Pass.The conventional wisdom is that you shouldn't contribute to a Roth 401(k) if you're in a high tax bracket, but more Americans are doing so anyway, financial advisors say. Here's wh *** Stay on top of the tech trade with a daily rundown of top-performing tech stocks and the big names making news. Sign up for the Tech Report newsletter by Investor's Business Daily here. This mailing was sent to aymentanaze.news@blogger.com, . |
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