Top 5 Non-Financial Planning Concerns for Retirees-(3) Health and Lifestyle Maintenance
Top 5 Non-Financial Planning Concerns for Retirees-(3) Health and Lifestyle Maintenance
Continuing our Top 5 series with non-financial reasons why some folks struggle in their retirement transitions. “Failure” in retirement does not necessarily mean having money issues. In fact, many retirees who are financially independent just don’t feel that they are “winning” in retirement. And one major reason is that things are just different than they had been for a very long time. And change can be hard. And addressing and hopefully effectively dealing with the physical challenges and limitations of an aging body and mind can be big factors in retirement success.
- Health and Lifestyle Maintenance
Physical decline is one of the biggest fears in retirement. Staying active, eating well, and maintaining preventive care are key to long-term independence. Unfortunately the physical attributes of aging can negatively impact our enjoyment of life and limit things that we once loved to do. Many formerly active retirees lose their motivation for exercise and other activities due to aches and pains or, in many cases, actual bone and muscle issues. You won’t have to wait too long to find a friend or neighbor who has undergone one or more joint replacement surgeries or other reconstructive treatments. The Delaware coast is a robust market for orthopedic surgeons, chiropractors, and other specialists.
And, of course, there is mental decline, hearing loss, and other attributes of aging that can limit activities and enjoyment. But, within reason, there are things that many folks can do to make the most of what they can do.
If you look around you can find friends and neighbors who are working hard to overcome the physical and other challenges and finding activities they can do with whatever limitations they may have. This can make a tremendous difference in their quality of life and their enjoyment of life.
A financial advisor is not the person you should turn to for advice on health, exercise, and nutrition. You should seek experienced professionals who specialize in those areas. But that is what you should also be doing with your personal finances—finding an experienced professional who specializes in the financial and tax issues impacting those transitioning into or learning to enjoy their retirement.
And that’s where I come into this particular retirement concern. Please reach out to me to learn more about what a specialized retirement-focused, fiduciary, fee-only financial advisor can do for you. You can start by visiting our website at www.SafeHarbor.financial where you will find information about our cash flow approach to retirement planning, the value of using a Retirement Success Advocate, and a list of our standard projects and fees. Or you can call Safe Harbor at 302-313-6644 or email us at info@safeharborfinancialadvisors.com for an initial no-cost, no-obligation assessment meeting. And, if you want, we can arrange to meet while on a walk or bike ride (weather permitting of course) to multi-task in a healthy and energetic way!
