Editor’s note: I’ll be chatting with Dave Hughes regularly on the Aged to Perfection podcast. You can listen to last week’s with Dave, where he talks about retirement lifestyle choices. – Mark/Editor
By Dave Hughes
You can also view these questions as a slideshow HERE.
If you’re like many people, you probably don’t think much about what your life will be like after you retire.
Maybe you don’t like to think about getting old.
There are many unknowns, and perhaps it seems like too much to think about or something you can put off for later.
But forming a clearer picture of how you would like to live your life after you reach the point where you no longer need to work will help you make better plans, both financially and otherwise.
It will also give you more to look forward to.
The questions that follow will help you sort these things out.
Don’t try to deal with them all at once, take one or two at a time.
If you’re married or partnered, these are good conversations to have together. You shouldn’t assume that your spouse wants the same things you do.
- How lavishly, moderately or frugally do you expect to live? How does this compare to how you live now?
- How much do you want to travel?
- How do you want to travel? (Cruises? Guided tours? Camping or RVing? Resorts?)
- Where do you want to travel?
- Do you want to become a snowbird?
- What activities do you plan to pursue?
- Is it important to you to be close to family? If you live away from your family, how often will you want to visit?
- What family obligations and responsibilities are you willing to accept? For example, you might be called upon to care for aging parents, help care for grandchildren, or have an adult child move in with you following a divorce or prolonged unemployment.
- Do you want to remain in the community you live in now or move somewhere else?
- Where? (Either generally or specifically)
- What qualities do you want your new location to have?
- Do you want to live in a seniors-only community or stay in the mainstream?
- How do you feel about downsizing?
- What things are you willing to get rid of?
- What things do you definitely want to keep?
- Do you wish to maintain a structured life with a calendar and schedule, or would you rather be spontaneous and take each day as it comes?
- What time do you want to get up and go to bed each day?
- Do you plan to start a business after you retire? If so, what?
- What do you want your social life to look like?
- What cultural or recreational activities are important for you to have in your life?
- What new things do you want to learn?
- What’s on your bucket list?
- What really makes you feel fulfilled and happy?
- What are your greatest concerns about retirement?
- Do you want to spend all or most of your money on yourselves or leave a nice inheritance to your beneficiaries?
- How do you want to be remembered?
Hopefully, these questions have helped you to envision a future filled with exciting possibilities and given you a clearer picture of what you want for your life.
What other questions can you think of? Please share in the comments!
© 2015 Dave Hughes. All rights reserved.
Dave Hughes created RetireFabulously.com to help you envision, plan for and ultimately enjoy the best retirement possible. Most articles focus on the non-financial, “lifestyle” aspects of retirement, such as successfully transitioning from work to leisure, choosing where to live, identifying the things that will make retirement happy and fulfilling, and more. Dave is available for speaking engagements and workshops, and also officiates weddings. Dave lives in Chandler, AZ with his husband, Jeff, and their furry family members, Missy and Maynard.