Newsletter

Understanding the Emotional Impact of Retirement

This new chapter of life can feel uncomfortable if you haven’t taken the time to emotionally prepare.

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 26 April 2021

Understanding the Emotional Impact of Retirement

There is a significant connection between retirement and emotions, and many retirees are unprepared for it. This is why I often work with clients who struggle with the discomfort of being newly retired. This struggle occurs for those who haven’t given enough thought to what their life might look like when they leave their career. The challenges might be associated with identity, relationships, finding new ways to fill time, or maintaining frequent social interaction.

It’s also common for “money emotions” to impact new retirees. There’s the excitement of closing one of life’s chapters and starting another, and of spending more time doing things you enjoy. However, there is also sadness in closing a chapter of your life, especially if you enjoyed your career. There’s the fear of “turning off” your paychecks, and of unexpected illness or expenses that could cause you to run out of money. There are also feelings of great responsibility for filling an unknown amount of time with a finite amount of resources, as you hope you’ve planned well enough for the retirement you want to have.

Below, we’ll discuss how asking yourself tough questions before you retire is the best way to prepare for the emotional challenges many new retirees face.

Eight Steps to Get Your Finances in Order for Retirement

Use these tips to ensure you can make your retirement dreams a reality.

By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 24 March 2021

Eight Steps to Get Your Finances in Order for Retirement

The following article is based on content in my book, Flourish Financially: Values, Transitions, and Big Conversations. If you’d like to read more, you may purchase a copy here.

If you’re like most people, you have a pretty good idea of what your dream retirement looks like; where you’ll live, how you’ll spend your time, which hobbies you’ll cultivate. However, visualizing your ideal retirement lifestyle isn’t the same as preparing your retirement finances to make that dream a reality.

Even if you’ve been disciplined about saving for retirement, it’s common to harbor worries about running out of money. In fact, it is the number one retirement concern. This uncertainty can be even more stressful if you don’t have a solid idea of how much retirement savings you truly need. If you would like clarity and more peace of mind, use the eight steps below to get your finances in order and create a successful and fruitful retirement plan.

Considerations for Your Retirement Timeline

Use These Tips to Consider When it May Be Appropriate for You to Retire

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 14 December 2020

Considerations for Your Retirement Timeline

The following article is based on the content covered in my book, Flourish Financially: Values, Transitions, and Big Conversations. If you’d like to read more, you may purchase a copy here.

Retirement is an exciting topic, but it can also be fraught with uncertainty, given the fact that many people will face a long retirement period of thirty years or more. When is the right moment to retire? What is the best retirement timeline for you? Unfortunately, there are no simple answers to these questions.

While many factors need to come together to make a cohesive and sustainable long-term plan, the biggest concern most people face is the fear of making financial decisions based on emotion. Here are some tips for decreasing retirement anxiety and increasing clarity on the road to sound retirement planning, including answering that very important question of “when.”

Identifying and Building Your Ideal Retirement Lifestyle

How Forethought and Planning Can Give You the Retirement of Your Dreams

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 09 November 2020

Identifying and Building Your Ideal Retirement Lifestyle

The following article is based on the content covered in my book, Flourish Financially: Values, Transitions, and Big Conversations. If you’d like to read more, you may purchase a copy here.

The great retirement paradox is that there is so much time, and yet so very little of it. Yes, we are living longer, healthier lives, yet at some point, it will come to an end. So, what do we do with this new chapter of life that may last another twenty or thirty years? While that thirty-year horizon is full of possibilities, it can also be daunting and full of questions: Did I save enough? How will I spend my time? Where will I live? What kind of legacy will I leave?

Answering these questions will help you begin to identify your ideal retirement lifestyle and shed light on what steps you need to take to build it.

Q2 2020 Quarterly Newsletter

By Kathy Longo, CFP®, CAP®, CDFA

Thursday, 16 July 2020

Q2 2020 Quarterly Newsletter

News From Flourish

The first six months of 2020 have been some of the most challenging in my career. Unfortunately, there are no promises that the second half will be any better as we continue to battle a global pandemic while preparing for a contentious US Presidential Election. However, the challenges have also provided time for reflection, perseverance and creativity in problem-solving as our team works together to adjust, adapt and change in the face of adversity and uncertainty.

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