Flexibility: A Vital Element for a Flourishing Retirement
USA: IRT Correspondent
In today’s retirement landscape, adaptability is essential for not merely surviving but thriving. Resilience and flexibility play pivotal roles in navigating the unpredictability of retirement experiences, both financially and personally.
According to a survey conducted by financial services firm Edward Jones in collaboration with Age Wave, around two-thirds of retirees express confidence in their ability to handle unforeseen circumstances. However, retirees and those nearing retirement seek comprehensive options for financial planning, particularly in the face of diverse challenges.
In a recent report titled “Resilient Choices: Trade-Offs, Adjustments and Course Corrections to Thrive in Retirement,” Edward Jones and Age Wave propose strategic “course corrections” across four fundamental areas crucial for a fulfilling retirement: health, family, purpose, and finances.
Lena Haas, Head of Wealth Management Advice and Solutions at Edward Jones, emphasized the necessity for adaptable plans and the importance of confidence in managing unexpected situations. Haas highlighted the significance of learning from others’ experiences to enhance the quality of life and well-being during the extended duration of retirement.
Outlined below are recommendations from Edward Jones experts across these four pillars:
Health:
Maintain healthy habits encompassing nutritious eating, regular exercise, and engaging in mentally stimulating activities. These practices not only promote well-being but also extend life expectancy.
Family:
Prioritize quality time with loved ones while recognizing the significance of setting emotional and financial boundaries, steering clear of detrimental relationships.
Purpose:
Explore avenues that enrich life experiences, whether through familiar or new activities, expanding social connections, and setting new goals to reinvent oneself.
Finance:
Seek comprehensive financial guidance that goes beyond conventional methods, focusing on holistic approaches and leveraging various tools beyond mere savings and debt reduction.
For further insights on navigating the retirement journey, visit Edward Jones’ dedicated page.