If you’re planning for retirement, you may be focused on the money aspect – running calculations to ensure you won’t outlive your money and can survive extreme market conditions. It’s an extremely important aspect when planning your retirement. But there’s more.

Look beyond money and think about how you will spend your time without work.

Sure, you’ll travel the world with your spouse … but what about the time you’re not travelling?

Sure, you’ll improve your golf game … but how many rounds can you play before becoming bored?

Dig deeper about your feelings.

Will you miss work?

If you own your business or if you have a top-level position at work, you may think you’re ready to be done with it during retirement. But most successful people discover an emptiness when they stop working. They’ve always defined themselves through their work and are at a loss when work ends.

They miss interacting with others.

They miss making tough decisions.

They miss being needed.

They miss the routine stuff.

They miss the chaos.

What will you miss about work when you retire?

If retirement is five to ten years away, start exploring ways to replace your professional life.

Consider reducing your work hours over the next few years to gradually ease into full-time retirement.  

Explore becoming a board member for a nonprofit or for-profit organization.

Define your next career path – maybe something in photography or organic farming.

Re-energize a past hobby – rebuilding classic cars or oil painting.

Think of retirement as a new chapter in life. You can do whatever you want with your mental and physical health permitting. There is no right way or wrong way to spend retirement. The key is to find something which will work for you.


Stay PEF (positive, enthused, focused) and make 2017 your best year ever!


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Niv Persaud, CFP®, CDFA™, CRPC®, is the Founder of Transition Planning & Guidance, LLC. Life is more than money. It’s about living the lifestyle you want and can afford. For that reason, Niv consults with clients on money, life, and work. Her approach capitalizes on techniques she learned throughout her career, including as a management consultant, executive recruiter, and financial advisor. Her services include spending plan, financial plan, divorce financial review, life strategy, and professional progression. Niv actively gives back to her community through her volunteer efforts. She believes in living life to the fullest by cherishing friendships, enjoying the beauty of nature and laughing often — even at herself. Her favorite quote is by Erma Bombeck, “When I stand before God at the end of my life, I would hope that I would not have a single bit of talent left and could say ‘I used everything you gave me’.”