Retirement is THE Ultimate Bucket List Item

Imagine retirement not as an endpoint but as the ultimate beginning—a chance to fulfill your bucket list dreams. Standford Health states that a bucket list, “Is a sign of hope and future orientation.” At 210 Financial, we believe retirement is your opportunity to live life to the fullest, and we’re here to guide you on that journey. Having your retirement figured out and knowing you will have enough money to last gives you more time to focus on your next adventure. While having your finances in order is crucial for retirement, smoothly transitioning into that lifestyle is equally important.

 

Redefining Retirement:

Retirement isn’t a one-size-fits-all experience so let’s start with redefining retirement by personalizing yours. Everyone’s priorities or retirement bucket list will look different, so you must define what retirement means for you. Let’s first define what a bucket list is according to Standford Medicine its “a list of the experiences or achievements that a person hopes to have or accomplish during their lifetime.”

Ask yourself these questions. If I could do anything, what would I do? What are my financial goals? Do I have a “dream” retirement in mind? By clarifying these, you can set a clear direction for your retirement planning.

 

Visualizing Your Dream Retirement:

What does your retirement bucket list look like? Imagine it. Do you wish to see the world or stay at home? Or would your retirement look more like estate planning and passing on your legacy to your children or grandchildren. As Phile Cooper notes in Retirement Blueprint: Finding Your 210 Life, “One couple I know said their highest priority in retirement was being able to take each of their grandchildren on a cross-country vacation every year. That’s a pretty specific goal – one that is reasonably easy to nail down a budget for.” Everyone’s retirement goals will look different so make yours unique to you and your finances. Check out this article by Annuity.com for 200+ Retirement Bucket List Ideas!

 

Planning for Your Dream Retirement:

Building a solid financial plan helps you stay focused on your dreams instead of your finances. 210 Financial helps align clients’ financial strategies with their retirement goals. Planning for your dream retirement can be at times overwhelming so having an advisor can help assist you on your journey.  At 210 Financial we can help you create a roadmap that leads you toward achieving your retirement dreams.

 

Overcoming Obstacles and Realizing Dreams:

While we think of retirement as the best time, one aspect of planning for retirement is thinking about the worst. One major obstacle in retirement planning is ensuring you have enough money to last throughout your lifetime. Financially the worst is unexpected costs like potential healthcare costs or preparing for inflation. Additionally, consider your legacy – how to plan your estates to care for your beneficiaries. Planning for these ensures that your retirement remains a time of enjoyment and security. Here are some best practices to help you prepare:

1. Consult a Financial Professional: A financial professional may be able to help you build out a plan that’s best for you and your finances.
2. Invest Wisely: Investing is crucial for growing your retirement funds, but understanding your risk tolerance is vital. Check out how to find it here!
3. Understand Your Expenses: Knowing your living expenses and how you wish to spend your money helps align your financial goals.

By overcoming these obstacles and planning you can focus on your dreams and enjoy a fulfilling retirement.

 

Taking Action:

Having fun in the sun is soooo much easier when you have a plan for retirement that includes what you want to do. At 210 Financial we want to do life together and a big part of that is by creating a plan that’s tailored to your values and lifestyle. The financial advisors at 210 Financial work to ensure you can complete your bucket list and enjoy retirement to the fullest.

---

210 Wealth Management, Inc., d/b/a 210 Financial, is a federally registered investment adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. 210 Financial, Form ADV Part 2A & CRS can be obtained by visiting: https://adviserinfo.sec.gov and search for our firm name.  Insurance products are offered through 210 Financial, Inc. d/b/a 210 Financial.