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How to achieve a fulfilled retirement

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By startdig Ambitious Retirees

People often say they want to try new things in order to achieve a fulfilled retirement, but there’s something that psychologists call continuity theory, which often stops that happening.

Retirement expert Barry LaValley discusses how to turn those retirement goals into actions.

To put it simply, we instinctively prefer to stay as we are.

Barry LaValley says a good financial planner can help you to match words with action.

My view on it is, you do as much as you can as quickly as you can, and hope you can do it for thirty years. I believe life is meant to lived.

Now that doesn’t mean that, in the first years of you being in control of this life, that you take all your financial resources and squander them. Because one of the big fears — and justifiably so — is you might outlive your money.

At the same time, you don’t want to be a prisoner to anything, particularly your financial resources. So, figure out what you’ve got. My grandmother used to call it cutting your coat by your cloth, you’ve got to figure out how much cloth you have — and then just go and live life to its fullest.

Because, you see, life will change and there will come a point, may come a point, when you can’t live the life that you want. And in the meantime, I don’t want you to enter that period of life going: “Darn, I wished I had.”

What, then, are the main contributors to a fulfilled retirement? Barry suggests there are five important ones.

I think we should focus on what positive psychology actually tells us that happiness is, based on our responses internally to the world that we live in. And there’s five conditions that people should be aware of, each one of these contributes to happiness, and they are:

1: You should have positive engagement in life:

You should really feel like your outlook on everything is going to be as optimistic as you can make it.

2.The second is going to be your engagement in life itself:

Feeling that life has purpose, feeling that there’s a reason for you to get out of bed, feeling you have a fulfilled retirement.

3. The third is your relationships:

We get more from our relationships than anything else that we do, as it relates to healthy ageing.

4. The fourth one is meaningful activities:

Doing things that are important, things that make you feel relevant, make us feel like we have value.

5. Fifth is achievement:

We need achievement, we need them each and every day.

So, when planning your retirement, those are the five key things you should focus on. No none of them has very much at all to do with money. But they are all issues that a good financial planner can help you with.

The information provided on this site is of a general nature only and may not be relevant to your particular circumstances. The circumstances of each investor are different and you should seek advice from a financial planner who can consider if these strategies and products are right for you.

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