So much of planning for retirement is focused on the financial, and for good reason: Americans are living longer than ever, and that means many of us will need to finance retirements that last twenty or thirty years, or even more. While it’s important to ensure that you’ll be able to fund your retirement, it’s easy to overlook some of the nonfinancial aspects of retirement planning. Moneywatch recently published an article highlighting some of these nonfinancial concerns, including:
- Planning for Your Health: Staying healthy is a priority during retirement. Not only does good health mean the ability to enjoy your retirement years, it also benefits your bottom line by reducing medical expenses. With that in mind, it’s not only important to have a good doctor in case you get sick, you might also want to look into health care practitioners (nurse practitioners, nutritionists, personal trainers) who focus on general health and wellness.
- Preserving Your Marriage: Retirement can be a huge, and stressful, lifestyle change for a married couple. If you and your spouse have a hard time with the transition, you might want to consult with a counselor or a marriage and family therapist to help smooth the way.
- Changing Your Path: If your retirement plans include taking new life or career directions, it might pay to use the services of a life or career coach. He or she can help you think through your options and systematically address all the issues that might accompany your choices.
As you plan for a healthy and fulfilling retirement, you’ll want to put some of the focus on the nonfinancial concerns you’re likely to encounter.