When you think about your retirement, what thoughts go through your mind? Is it traveling the world, enjoying time with friends and family, working on your golf handicap, or giving back to your community? Retirement looks different to everyone, depending on their circumstances and priorities.
At Global View Investment Advisors, as a fee-only fiduciary firm in Greenville, SC, we recognize that retirement is not just a phase of life but an opportunity for reinvention and personal fulfillment. That’s why we’ve developed the ultimate retirement planning bucket list for 2024!
Our guide isn’t just a checklist; it's a look at six diverse buckets you should consider including as a part of your overall retirement plan. After all, retirement planning is more than just numbers and projections. It's about creating a new chapter in your life that may last 30 or more years based on years of dedication and hard work.
A retirement planning bucket list is a list of experiences, goals, or accomplishments you want to pursue. Think of it as a catalog of personal goals and desires you’ve always wanted to fulfill before you pass away.
While a bucket list often includes travel, family, and personal pursuits, it can also include goals that impact a comfortable lifestyle and financial security later in life.
Start by asking yourself these questions:
Once you retire, having a network of family and friends can enhance the quality of your social life. Here are a few ideas that will make that possible:
Now that you’re retired, you can take the time to focus on your personal growth. Here are some ways you can do that:
During our working years, many people cook primarily to get it over with, often opting for quick, functional meals delivered to their front doors. Retirement is a unique opportunity to transform cooking from a routine task into an enjoyable and creative hobby. Consider adding wine tasting to your culinary delights.
Cultivating your culinary skills in retirement isn't just about the food; it's a journey of discovery, creativity, and sharing memorable meals with people you care about.
Gardening in retirement offers a fulfilling way to engage with nature and enjoy a sense of accomplishment. It's an ideal activity for retirees seeking relaxation, physical activity, and the joy of nurturing plant life.
Writing is a wonderful way to express yourself, whether starting a blog, social media, journaling, or penning a novel.
Consider photography as a hobby to capture the beauty around you and develop a new artistic perspective. Photos become a visual record for future generations. Seeing is so much better than reading about it.
Volunteering and sharing your skills can enrich your life by giving back to your community and the causes you care most about.
Once you retire, it’s an opportunity to explore the world or revisit your favorite places here in America:
Another hobby that many undertake once retired is documenting their life experiences, leaving behind a memoir of family history, or completing significant personal projects to leave a lasting legacy.
Creating a sustainable retirement plan is crucial to your long-term financial security. As you approach retirement, it's important to establish a financial strategy that supports your lifestyle without needing a regular income from employment or owning a business. This plan should focus on maintaining financial independence, allowing you to live comfortably and handle unexpected expenses.
A well-structured retirement plan involves careful consideration of various factors:
Global View was established with a clear purpose - to serve as your financial advocate for accumulating, preserving, and distributing your wealth. Our focus includes helping you sidestep frequent financial pitfalls and helping you pursue the financial goals that are most important to you.
At Global View Investment Advisors, you can count on receiving authentic advice from a team dedicated to matching their efforts with your interests.
We believe this is the only way to serve our client's financial interests.