Planning for Retirement

Moments That Matter

It’s taken a lot of work to get where you’re currently at. You’ve built strong and trusted relationships with your clients; you’ve become a staple in your community; and maybe you’ve helped raise and support a family along the way.

It may be hard to give some of these things up—though at some point you will have to begin thinking about retirement. With all of your responsibilities and obligations at work, planning for retirement and thinking about what that transition entails can fall by the wayside as you continue to attend to your clients.

Things to Consider

Beginning to think about your individual retirement can also be an emotional time as well as a logical one. After all, your clients and your community have come to depend on you. Well, we’re here to help you make a smooth transition and figure out what’s next. Here are a few things to think about.

  • Manage your workload. As you begin to think about retirement, start to think about how to reduce, offload, or delegate some of your work to other partners or colleagues to free up time. If you’re the owner of a firm, what would a merger look like for you and what would you want to get out of it?

  • Manage your clients. There’s always risk when placing your clients with a new partner, but if you remain tentative and diligent, you can make sure they’re taken care of by finding someone trustworthy and as knowledgeable as you. Your clients will thank you.

  • Manage your finances. Retirement can be risky if your affairs aren’t in order and you’re not financially ready to do so. The cost of living and any potential future long-term care needs don’t decrease. If anything, the cost increases. Make sure you have what you need in place to maintain your quality of life.

Key takeaways

Retirement can be a hard thing to visualize and think about, but it’s important to have a plan in place. It may feel like a whole career’s worth of work will just disappear, but it doesn’t have to with the right safeguards and strategies in place.

You can even stay involved and licensed so that you can stay connected to your colleagues and keep up with what’s going on in your profession. However, set limits with any continuing work so that you have time to follow you dreams—be it staying active in the community, travelling with your spouse, or building model trains or soap box derby cars.

Plans that might help you

Planning for the next step

To help you begin thinking and planning for what retirement will look like, we’ve gathered some tools and resources for you to browse through. Enjoy your life and retirement with peace of mind.

Resources that might help you

Moments That Matter