Sep 23, 2021
Last week, on September 17th, we celebrated Constitution Day. As we reflected upon the constitution and its foundational importance to the success of our country, we began to think of the foundational importance of planning for our retirement lifestyle.
On today's episode, we will be discussing our retirement lifestyle choices. After we are done working we will have a lot more free time on our hands. With more time comes more freedom to make changes that we have always dreamt about. We will discuss some ideas we have heard from clients over the years and hope that some may inspire you on your foundational planning journey.
Perhaps you are looking for a bit of adventure after retirement like a couple of our clients who have been avid marlin fishers. As they reached retirement this is something they wanted to do more often. Similarly, the RV lifestyle has become very popular within the past few years. Some people even continue this into their 80s!
Other ideas include the 'two-house solution' and the 'front porch' lifestyle. Both are about enjoying what you have. The two-house solution is one where people take advantage of two homes in different locations of the country. The front porch lifestyle is about relaxation! Enjoy your free time and have a glass of lemonade on a warm summer evening.
Lastly, we wanted to highlight the importance of following your passion after you retire. Maybe there is something you have always felt called to do. Do you want to learn a new hobby? Donate your time to a non-profit? This is a perfect time to do it. It is always wonderful when our clients volunteer and get involved with projects they really enjoy.
Whether you know exactly what you want to do when you retire or you are just starting to formulate ideas, having this foundational knowledge will better prepare you for the future. You will be able to set up your financial and retirement plans in accordance with your lifestyle goals. Listen to the full episode for more inspiration!
What we discuss:
0:55 – Constitution celebration
3:13 – Constitution principles
7:51 – Founding our lifestyle
8:15 – Marlin fishing and a second home
10:14 – The RV lifestyle
11:11 – Two house solution
13:09 – If you can dream it segment
19:27 – Front porch idea
20:29 – Following a passion
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