In this episode of the Independence Wealth Podcast, Eric Nelson discusses the often-overlooked aspect of retirement: finding purpose and fulfillment. He emphasizes the importance of planning for how to fill time in retirement, exploring hobbies, and maintaining social connections. Eric also outlines a financial framework for retirement, categorizing expenses into needs, wants, and wishes, and stresses the significance of creating a fulfilling routine to enhance mental and physical well-being.
Key Takeaways:
Retirement is about finding purpose beyond work.
Planning for hobbies and activities is crucial before retiring.
Spending time with family, especially grandchildren, enhances satisfaction.
Social connections are vital to avoid isolation in retirement.
Financial planning should categorize needs, wants, and wishes.
Needs are essential expenses that must be covered.
Wants include lifestyle choices like dining out and travel.
Wishes are aspirational goals that can be adjusted as needed.
Creating a routine helps maintain mental and physical health.
Purpose can be found in simple daily activities.
Contact: https://independence-wealth.com/contact-us/
Connect with Eric:
LinkedIn: https://www.linkedin.com/in/erictnelson/
Website: https://independence-wealth.com
Email: Eric@independence-wealth.com
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