There’s a question we often get from mid-career professionals when we present to their firms. “When should I start thinking about retirement?” they ask. Our answer is boringly consistent. “It doesn’t matter how old you are,” we tell them. “It’s always relevant.” Even if you are still ten years away, we point out that this…
Category: Retirement Planning
Reframing Retirement: The Gift That Keeps Giving
For many, retirement implies the freedom to spend all that money you spent years saving. But the expenditure I’m referring to is not financial. Rather, the open-ended outlay of time tends to pose a bigger conceptual challenge for many. One of the themes we see with our financially secure clients is that their prosperity poses…
How Changing Roles in Retirement Can Boost Self-Esteem
Whether we realize it or not, the roles we play in life often shape critical aspects of our identities and therefore have a significant effect on our “self-regard” – meaning our overall sense of self-worth and self-esteem, which can run along a continuum of positive to negative. With a high level of positive self-regard, we…
The Retirement Stage: Psychosocial Development in Late Adulthood
We are all aware that between age 60 and 65, most professionals are considering retiring from their careers, either because they are facing a mandatory retirement age or because other factors in their lives are shifting. But did you know that, at the very same age, we are also experiencing an internal psychological shift –…
Consider the Future Self As You Ponder Retirement
Human beings have a fascinating relationship with the future. We often try to imagine what our future selves will look like, what we will be doing, and how we will feel. However, research shows that our ability to accurately predict our future is somewhat limited, as we tend to underestimate how much we will change…