Almost everybody spends roughly fifteen to twenty years planning for their retirement financial wise. It is only a small percentage that prepares for the non-financial aspects of retirement which are also as crucial as having enough money in savings. It is true that taking care of the financial aspect is the primary interest of most retirees. However psychological, emotional, physical and intellectual adjustments are also as crucial if one is to enjoy his/her retirement.
Retirement is usually considered the honeymoon of life because people get to enjoy the fruits of their hard work without commitment to big money projects such as paying school fees and mortgage loans. However, if not properly planned for, it would be a hard time trying to make the adjustments from your career schedule to your new retirement life. It is also a normal occurrence for retirees who have huge chunks of money which are not committed to a particular course, to engage in destructive behaviors like alcoholism to fill the void that retiring has created.
HCR Wealth Advisors advises people planning to retire not to neglect the non-financial part of their retirements because they will want to have a good life while in retirement. They say it is common for retirees to get bored, start unhealthy eating habits or lower their self-esteem because of feeling inadequate. HCR Wealth Advisors is mindful of the retirees and offers some insight on how to live life after retirement, in a plan dubbed New Retirement.
According to HCR Wealth Advisers, people on the verge of retirement or planning to retire should plan for a change in their lifestyle and a transition to their new life in retirement. This will enable the phase of transition to be less chaotic and help them psychologically adapt faster to their new environment. They also say that retiring does not mean one has to stop working.
The financial advisory firm says that retirees would find more flexible ways to continue with their line of work. Retirement is the prime time for people to learn or do what they had always wanted to do but life got in their way. It is common for retirees to pick up new hobbies and also develop new relationships with people they had never met before.
The New Retirement plan from HCR Wealth Advisors (@HcrWealth) caters for all the social and psychological factors that retirees are likely to face. This is in line with their philosophy of helping their clients experience smooth transitions in all lie stages.
More about HCR Wealth Advisors
The registered investment advisory firm offers financial service and wealth management, consulting, business service, and insurance service. The mission of the firm is to build permanent relationships with clients through excellent service, communication education, and trust. HCR Wealth Advisors works to ensure that its customers are shielded from financial risks that may complicate their transitions in life.
Go here for more info: https://www.holdingschannel.com/13f/hcr-wealth-advisors-top-holdings/
HCR Wealth Advisors is not affiliated with this website.