What Women Really Want in Retirement

By Brett Gottlieb

What comes to mind when you think about preparing for retirement? Most likely, the first thing you thought of was the financial aspects of this milestone. And while no one will argue with you about the importance of creating a secure retirement plan, it’s also important to prepare for the emotional and psychological changes that happen when you say goodbye to your career.

Retirement isn’t just about having enough money in the bank to quit work. It’s a time to go on adventures, learn more about yourself, and begin a new chapter in life (a chapter that could last 20-30 years). What do you need in retirement to be fulfilled?

1. A Structured Schedule

For most of your life, you’ve stuck to some type of schedule. You planned your days out in grade school, in college, and then throughout your working years. Retirement is arguably the only time in your life when you have no structure at all. The calendar is completely blank, and you’re free to plan out your days how you wish.

This newfound freedom is fun at first, but a lack of structure can lead to restlessness. The days turn into weeks, weeks turn into months, and before you know it, you don’t know where the time has gone.

To help with this aimlessness, keep some type of schedule when you retire. You don’t have to plan out every second of every day, but implement some routines to keep yourself from getting bored.

Want to stay healthy in retirement? Sign up for workout classes a few times a week. Want to keep in touch with friends? Schedule a weekly lunch date. Want to pick up a new hobby? Dedicate a specific block of time to it. Create a schedule you can look forward to. 

2. A Sense Of Purpose

According to a recent study, retirees who spent more time engaged in “active” activities, such as socializing and exercising, were more likely to be happy compared with those who spent the majority of their time on passive activities, such as staying home alone or watching television.[1] The more meaningful the activities that fill your days, the more meaningful your retirement. Some activities that can give retirees a new sense of purpose include:

  • Spending time with family
  • Socializing with friends regularly
  • Gardening and improving the home
  • Traveling
  • Volunteering
  • Joining a club or organization

And don’t think it’s too late to find your life’s passion. One study’s results show that those over age 50 who report a high sense of life purpose have a lower risk of death and are also less likely to die from heart, circulatory, or blood conditions than those who lack purpose.[2]

3. A Strong Community

Last but not least, surround yourself with people you love. When you’re working, you are spending the bulk of your days surrounded by your coworkers. Women spend the better part of their lives connecting and building relationships in the workplace. Once retired, it can be difficult to replace this type of connection.

The good news is, engaging in the activities listed in #2 (spending time with family, volunteering, joining a club, and so on) is a great way to stay connected and add meaning to your life.

Let Us Help You

If you’re feeling uncertain as you prepare for retirement, you don’t have to walk this journey alone. Let us at Comprehensive Advisor be your guide, and we’ll start taking steps today to make sure you’re financially, emotionally, and psychologically prepared. Email us at info@ComprehensiveAdvisor.com or call (760) 813-2125 to see if we are the right fit to help you secure your financial future and plan for a happy, worry-free retirement.

About Our Advisors

Brett Gottlieb is the founder of Comprehensive Advisor and a financial advisor with nearly two decades of industry experience. He graduated from California State University-Chico with two bachelor’s degrees in Business Administration and Economics. Brett is Life Insurance licensed in several states. He is passionate about guiding his clients on retirement income planning, helping each client pursue their specific retirement goals and defending the assets his clients have worked so hard to achieve. Brett is a California native and currently resides in San Elijo Hills with his beautiful wife and three children.

With a combined experience of over three decades in the financial services industry, our advisors hail from some of the largest independent broker/dealers and banking institutions in the country. They have dedicated their professional careers to creating personalized financial solutions for individuals and families who seek successful retirement planning and currently offer investment advisory services through AE Wealth Management, LLC. Our advisors take a common-sense approach to the planning process and work with clients to create a retirement road map to help ensure their assets are protected and they receive the income needed to enjoy their future. Based in Carlsbad, California, they work with clients throughout San Diego County and beyond. Learn more by connecting with Brett on LinkedIn or email them at info@ComprehensiveAdvisor.com. 

Comprehensive Advisor, LLC is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Comprehensive Advisor, LLC are not affiliated companies. C.A. Financial & Insurance Services, CA Ins. Lic. #6000262. 933107 – 5/21

[1] https://blog.betterfinancialeducation.com/sustainable-retirement/time-allocations-and-self-reported-happiness-of-retirees-retirement-insights-series-part-1-of-3/

[2] https://www.health.harvard.edu/blog/will-a-purpose-driven-life-help-you-live-longer-2019112818378#:~:text=They%20were%20also%20less%20likely,death%2C%E2%80%9D%20says%20Eric%20S

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