Most people probably don’t think about retirement when they are working and busy with life. And then one day there is a trigger. Some life event, like a spouse who is nearing full pension eligibility, the last child leaves the family home, or a 30th work anniversary starts the process of considering retirement.

The overwhelming majority of people retire in their 60s and 70s and the approach is a large multi-step process that includes planning for retirement, transition to retirement and then finally being retired.

This brief blog series is for those who are starting the journey and are considering the impact on their finances and investments.

Popular media glorifies retirement with glossy pictures of healthy retirees on a beach living the golden years. That is part of it, but retirement is just another stage of life with both new adventures and new challenges. There are five critical areas to plan for as you think about retirement:

1) Maintaining social connections

2) Staying healthy and active

3) Planning fun things (this is where the beach comes in!)

4) Intellectual pursuits

5) Your finances

While your investment portfolio relates to only 1 out of those 5 critical areas, it’s influence can have the ability to overshadow several of the other areas. Evaluating and shifting your investment portfolio’s ability to deliver optimal and efficient income becomes of critical foundational importance for most.

In the second and final segment of our series on successfully easing into retirement, we will explore the importance of evaluating your investment portfolio – specifically with regards to managing your future income. We’ll also provide some examples of both traditional and alternative portfolio investments that can be used to help with this. Check out the next part of this series below.

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