A Time to Become Much More

Article by Alan P. Weiss, CFP®

Published in the January 15, 2017, New Haven Register

Every year, millions of people retire and ask the question, “What do I do now?”

Retirement can be exciting and demanding, bringing new challenges, experiences and uncertainties.  It often turns out far different from what people first envision.

For some it’s a big disappointment.  For others, “much to their delight, retirement becomes an opportunity to live like never before,” says Ernie Zelinski, author of How to Retire Happy, Wild and Free. 

Retirement can be the perfect time to do everything you’ve wanted to do.  Planning is important.  How you manage your time is just as important as when you were in the workplace.

Most people worry about retirement to some degree.  Many worry about not having enough money.  Others are concerned about leaving the comfort and community provided by the workplace. One key is to stay active.  Design a lifestyle that is both as relaxing and invigorating as you want.

When goals and achievements disappear upon retirement, people who did not prepare psychologically may feel empty and directionless.  “These feelings can have a devastating effect on a relationship,” says Sarah Yogev, Ph.D., author of A Couple’s Guide to Happy Retirement.

Typically, people segue from empty and directionless, to depression, to anger, and in the process alienate their spouses with behaviors that these feelings cause such as becoming argumentative or overly dependent, says Yogev.  “Trying to live one’s life through another person can ultimately be destructive to the relationship.  A goal-less person who spends too much time with his or her spouse can drain the partner’s emotional energy,” she adds.

Making the most out of retirement entails taking advantage of increased freedom, to establish a lifestyle that is adventurous, exciting and rewarding.

As Mark Twain said, “Good friends, good books and a sleepy conscience: this is the ideal life.”

Retirement can set you free.

Alan P. Weiss is the president of Regent Wealth Management Group in Woodbridge. He is also a CERTIFIED FINANCIAL PLANNER™. Readers are reminded that certain investments and investment strategies may not be appropriate for them and that all investments involve risks and uncertainties. Consult an expert of your choosing if you have questions about investments. More information is available at www.regentwealth.com.)