Tips for Making a Smooth Transition Into Retirement

On this episode of A Wiser Retirement Podcast, Casey Smith and Brad Lyons, CFP® discuss tips for making a smooth transition into retirement.

Listen on Apple Podcasts or watch on YouTube:

SUMMARY:

Tips for Making a Smooth Transition into Retirement

When it’s time to transition into retirement, it can be a harder process than one might think. Most people hold a lot of their identity in their career, and when it comes time to retire from that, they often have a hard time. When you don’t have your profession to identify with anymore, you have to find a new passion and new people to surround yourself with daily. Be sure to have a game plan for going into retirement. Work towards finding a new purpose and setting goals for that.

Embrace the Change

Something that is important for transitioning into retirement is to be ready to embrace change. Change is coming. You are about to retire and it’s going to be a lot different than your working life. Take a couple weeks to relax, but after that, it’s time to find a new purpose. Find something that you can really get excited about other than working. We’ve noticed that people who find a new passion in retirement are a lot happier than those who just sit on the couch at home. Find a new hobby, volunteer in your community, travel, or just anything new! There are so many things you can go out and do now – just for fun.

Adjust Your Attitude

There are different ways people will approach retirement. Some people are counting down the days, some are holding off as long as they can, and some are forced into retirement because of external reasons. Covid was a big reason many people had to retire these last few years, and some of them probably didn’t want to retire. No matter the reason, adjust your attitude for this new phase of life.

You have to realize retirement is your new reality – make the best of it! Along with adjusting your attitude, adjust your skills you used in your career to be utilized in retirement. If you loved being a leader at work, try volunteering in your community. Find a new avenue for you skills in order to thrive. It’s okay to feel sad that a chapter in your life is ending, but once you acknowledge those emotions, you can begin to realized there are new ways to use your skills.

Keep Setting Goals

Throughout retirement, having goals is important. Again, find something new to do while you are in retirement and set goals for that. If you have a goal to travel, pull out a map and pin out where you want to travel to. If your goal is to help your kids with their kids, create a plan on how you’re going to do that. Creating goals is really important for keeping you on track and excited in retirement.

 

Download our white paper on “Your Path to a Lifetime of Financial Success”

TIMESTAMPS:

0:00 Intro

17:25 Tips for Making a Smooth Transition Into Retirement

23:29 Embrace Change

26:03 Adjust Your Attitude

31:18 Keep Setting Goals

LINKS:

Learn more about Casey Smith and Brad Lyons, CFP®

CONNECT:

Twitter, Instagram, Facebook, LinkedIn, and YouTube.

Learn more about A Wiser Retirement podcast and access previous episodes.

learn-more

Recent posts

  • When Helping Hurts: How to Set Financial Boundaries

Share This Story, Choose Your Platform!

Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.

Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.

To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.

Sign up for our newsletter!

Our latest blogs, podcasts, and educational videos delivered to your inbox weekly.