Why is retirement so stressful? According to the Harvard School of Public Health, the risk of a stroke or heart attack is 40% higher during the first year of retirement. Retirement is a goal, process, and mindset. With all of the changes going on, adjusting to a new life isn’t always straightforward.
“Unless you ‘practice retirement’ and understand what travel means to you or how an RV lifestyle fits for you and your partner or what hobby really engages you today, your first year of retirement could be a cycle of misfits and frustration.”
As a financial advisor, you might be one of the only people discussing retirement with your client. How effective are your conversations in motiving your client to take action in their retirement life? Do they feel prepared for retirement financially and psychologically?
If you’re looking for more structure for these conversations, check out the Retirement Planning sequence of MQ tools, the No Rules Retirement workbook, or the Designing Your Life in Retirement workbook.