Summary
In this conversation, Mark Struthers discusses the holistic approach to retirement, emphasizing the importance of psychological aspects such as identity, purpose, and relationships. He introduces the concept of retirement transitions and the Four A’s (alignment, awareness, agency, adaptability) that can help individuals navigate this significant life change. The discussion highlights the need for early planning to ensure a healthy, wealthy, and happy retirement.
Takeaways
- Retirement is not just about finances; it encompasses holistic well-being.
- Many people refuse to retire due to psychological factors.
- Identity, purpose, and relationships are crucial in retirement transitions.
- Breaking long-held habits can be challenging during retirement.
- Planning for retirement should start in your early to mid-50s.
- The Four A’s of retirement transition are alignment, awareness, agency, and adaptability.
- It’s important to leave your job in a good place before retiring.
- Living longer means needing more comprehensive retirement planning.
- Engaging in keystone activities can provide a sense of purpose in retirement.
- A healthy retirement leads to a happier life.
Sound Bites
“Why do people refuse to retire?”
“Don’t forget to hit subscribe!”
Chapters
00:00
Introduction to Holistic Retirement Planning
01:03
Understanding Retirement Transitions
02:52
The Psychological Aspects of Retirement
07:55
The Four A’s of Retirement Transition
09:51
Planning for a Healthy Retirement
Article mentioned:
https://hbr.org/2024/07/why-people-re…
Curious about working with Mark:
https://www.videoask.com/fd9svtp2l
www.SonaWealthAdvisors.com
Disclosure:
Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document.
This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
This content has not been reviewed by FINRA.