It’s often asked, “What will you do on Day One of your retirement?” Most clients have a clear image of Day One. Maybe even Day 1,001. But few can imagine 8,000 days (over 20 years) of golf, and even fewer have a vision of what they will be doing on any given day, such as Day 4,567. Instead of planning for ‘retirement’ as a single state, it may be beneficial to re-frame the conversation to reflect a four-phased concept of retirement:
Honeymoon → Big Decision → Navigating Longevity → Solo Journey
Each is characterized by the tasks and issues individuals are most likely to be managing. In this month’s Advisor Roundtable, we’ll learn about how the four retirement phases can enable a clear vision to plan and to anticipate what is likely to come.