941-206-8500 Client Login HOW WE WORK YOUR TEAM SOLUTIONS CONTACT US FYI COVID-19 Retirement Issues That Have Nothing to Do with Money Douglas Young Retirement planning isn’t just about your financial affairs. Other factors that are harder to quantify impact your overall happiness and are just as important as money when you think about your life after work. People Social interaction boosts our emotional and physical well being! Making your home in a walkable community where you have opportunities to socialize may be more appealing than a spread-out suburb with less regular interaction. What about proximity to family and friends – will you be able to see them regularly? If your children and grandchildren live far away, should you move nearer to them? And you might think about the impact retirement has on your home life. Your significant other may spend more of each day with you than he or she has in years; that may be welcome, or it may take an adjustment. Physical Changes Unfortunately, our mobility almost always decreases as time goes on. If this happens to you, will you still want a home with stairs to climb? Maybe a home that is on one floor would be more practical. As you get older, do you want to keep up with the work of a whole house, or would a townhome or retirement living make more sense? Will you still want to drive? You may find yourself very isolated if you’re living in a car-dependent community. Amenities If you aren’t driving anymore, is your residence close to the amenities you want – stores, senior services, mass transit? Assistance Who will help you get around when you need assistance? Friends and family can’t always be available. If you think live-in care might be necessary down the road, will your home accommodate a caregiver? Time Some people only realize after they retire that they don’t know how to fill their free time. What will you do when your life, identity and social circle don’t revolve around work anymore? For some, this is the time to dive into hobbies and turn pastimes into passions. For others, volunteering or even returning to work part time may be what’s most fulfilling. Having a retirement plan is about a lot more than money. It’s about make smart decisions for your happiness. Presented by Clear View Financial Services, LLC. Opinions expressed are that of the author and are not endorsed by the named broker dealer or its affiliates. All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information in this article is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from an independent professional advisor. Recent Posts When the Fed Talks Inflation, Bond Investors Listen Stories Will Be Told What Is Earnings Season? Tackling Loneliness and Depression after Retirement Who Is Your Trusted Contact? PROUD MEMBERS OF Kings Crossing Office Park 1502 Kings Highway, Suite 300 Port Charlotte, Florida 33980 © Copyright 2021 Phone: 941.206.8500 Fax: 941.206.8501 Toll Free: 866.997.1318 Contact Us Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker-dealer and registered investment adviser. Cetera is under separate ownership from any other named entity. Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services. 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