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Redefining Retirement: Building Your Financial Plan Around Your Deliberate Life


For many of us, the traditional definition of retirement is a time when we stop working and start enjoying the fruits of our labor. But what if we flipped that idea on its head? What if retirement wasn't about ending our careers, but rather about intentionally designing the life we want to live and building our financial plan around that vision? 

In this post, we'll explore the concept of redefining retirement as a time when we start living our deliberate life and creating a financial plan that supports it. This shift in mindset can help us make meaningful decisions about our careers, our spending, and our overall financial well-being. 

So, what does it mean to live a deliberate life? Essentially, it's about making conscious choices that align with our values, goals, and aspirations. This can involve anything from choosing a career path that aligns with our passions and interests, to making financial decisions that support our long-term goals and values. 

When it comes to building a financial plan that supports a deliberate life, it's important to start by setting clear goals. What do you want to achieve in the short-term, mid-term, and long-term? Do you want to travel the world, start a business, or simply have more time and flexibility to enjoy your hobbies and passions? By setting specific, measurable, achievable, relevant, and time-bound (SMART) goals, you can better understand your financial needs and develop a plan to achieve them. 

Next, it's important to assess your current financial situation. This includes understanding your income, expenses, debts, and assets. With this information, you can create a budget and identify areas where you can cut costs, increase income, or make other changes to support your financial goals. 

Another key aspect of building a financial plan around your deliberate life is to be proactive about your financial future. This includes things like saving for retirement, creating an emergency fund, and protecting your assets with insurance. By taking a proactive approach to your financial planning, you can better prepare for the unexpected and ensure that you have the resources you need to live the life you want. 

Redefining retirement as a time when we start living our deliberate life and building a financial plan around that vision can be a powerful way to approach our careers, our spending, and our overall financial well-being. By setting clear goals, assessing our current financial situation, and being proactive about our financial future, we can create a plan that supports the life we want to live now and in the future. So, let's embrace this new definition of retirement and start building a financial plan that helps us achieve our dreams and live the life we truly want.

The commentary on this website reflects the personal opinions, viewpoints and analyses of the Ascend Investment Partners employees providing such comments, and should not be regarded as a description of advisory services provided by Kesler, Norman & Wride, LLC dba Ascend Investment Partners or performance returns of any Ascend Investment Partners Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Ascend Investment Partners manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. 

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