We’ve discovered a lot of people know what they’re retiring from, but not too many who know what they’re retiring to.
As a result, we’ve witnessed a period I call the 24-Month Retirement Euphoria.
This is what happens to those going into unplanned retirements. They spend the first 24 months travelling around the world, or wherever; playing golf whenever they can; pursuing their hobbies, or completing those projects that they postponed until they retired ꟷ their retirement projects. Life is good.
However, by the end of those 24 months, emptiness sets in. I’ve listened to the complaints: “You’ve got to get him a job; he’s driving me crazy around the house.” Or as a guy once said to me, “How much vacuuming can you do anyway?”
For many, this 24-month period is followed by depression. For others, it’s boredom. I don’t know which is worse, but I do know bored people spend a lot of money. Often, it’s money they can’t afford to spend.
Most people will benefit from taking professional advice to achieve their desired retirement outcome. However, there are those who fall into the trap of thinking it is easy and they can make retirement decisions without financial advice.
This isn’t an attack on independence; it’s an appeal to make the most of the resources out there to make your life easier and to deliver the best outcome for you. As they say, ‘You don’t know what you don’t know.’
Why not find out what you don’t know before it’s too late?
It’s a big world out there, filled with new adventures. Isn’t it time you started planning your future? A better future? A better life?
With some planning and guidance, you could be enjoying a more fulfilling life in retirement. It’s easier than you think. And we’re here to help you every step of the way…