5 Fun Activities Often Overlooked In Retirement
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 583 Ratings
🗓️ 11 November 2024
⏱️ 16 minutes
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| 0:00.0 | Many of you are just waiting for the financial green light to retire, and you're like, I'm good to go. I've got my list. I'm going to travel. I'm going to exercise. I'm going to spend time with friends. Others of you are like, look, I think I know what I want to do a little bit. Maybe I volunteer. Maybe I travel, but I don't really know what I'm going to do for purpose and fulfillment. And that is something we take very seriously here. |
| 0:23.3 | And the reason for that is because too many people come to me and go like this. |
| 0:27.4 | You know, I think I could get away with spending $6,000 a month in retirement or even $5,000 a month. |
| 0:33.4 | And I go, I know, but retirement's not about getting away with something. |
| 0:37.1 | It's about going, |
| 0:37.9 | how much would you love to spend? And when are you in a position to do that for the rest of your |
| 0:42.3 | life? And how are you going to have purpose and fulfillment? Because the first five years are very |
| 0:47.5 | different than the next 10 years and 15 and 20. So we have exercises and resources to help clients |
| 0:53.7 | optimize their purpose side because the purpose needs to connect to the taxes and the withdrawal and the investments and the insurance because you're probably going to spend way more the first few years in your retirement. |
| 1:06.7 | Then maybe you spend a little less. |
| 1:08.6 | Then maybe you spend more when you want to do more charitable |
| 1:11.5 | giving or help a legacy, you know, whatever it is. |
| 1:15.5 | It doesn't tend to be a linear thing where you're going to spend $8,000 a month every month |
| 1:20.4 | in retirement. |
| 1:21.3 | No, you're going to spend more and then less and then more and less. |
| 1:23.7 | And that needs to be connected to your whole financial strategy. |
| 1:27.2 | So today is just a fun |
| 1:28.7 | episode. I'm going to give you five often overlooked activities in retirement. These are given by |
| 1:34.3 | my clients who have retired early. And so it might give you one new idea to think about. It might |
| 1:39.6 | give you two. It might not give you any, but might be fun to hear about. So if you're the type of |
| 1:43.9 | person that's like, look, I've got my long list of things. I just need to financially make sure if I convert the right amount and withdraw from the right account, I'm in a good spot to make it all happen. This might not be the episode for you. If you're like, no, I want to hear how do people think about purpose and fulfillment if I've worked a job for 30 years and now I just don't know exactly what I'm going to want to do. Is my spouse going to want me around? I've kind of been gone for 20 years. I mean, I've been around, but not all day every day. And so I want to think through how your clients think about that. That's what I'm going to be sharing today. So if you |
| 2:18.2 | don't already know, my name is Ari Taubleep. I'm a certified financial planner, host of this podcast, |
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