WEALTHTRACK Retirement Guru Christine Benz Addresses Key Non-Financial Aspects of Retirement Planning
Oct 10, 2024
Christine Benz, Morningstar’s director of personal finance and retirement planning, dives into the vital yet often ignored non-financial aspects of retirement in her new book. She emphasizes the importance of finding purpose and structure post-career, discussing strategies to maintain relationships and counter social isolation. Benz also tackles long-term care planning and the value of community connections, while advocating for a gradual transition into retirement to ensure a fulfilling experience.
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Visualize Retirement With Purpose
- Visualize the retirement lifestyle you want and identify a purpose beyond relaxation.
- Plan concrete accomplishments and healthy daily habits to support that purpose.
Phase Into Retirement Gradually
- Phase into retirement when possible instead of stopping work cold turkey.
- Trial-run relocation and spending habits to adapt before making permanent changes.
Relationships Drive Retirement Well-Being
- Relationships are central to happiness and often come from work for many people, especially men.
- Diversify your social network across age groups and build new ties before retirement.