What’s Next?

If you’re like most people, you’ve probably started to wonder what life is going to look like in retirement.

  • Where do I want to travel?
  • Will I be able to afford all the things I want to do?
  • How will I stay active and healthy?
  • Should I work part-time at something I love?
  • What if I started my own business?
  • Where should I spend time volunteering?
  • Who will I spend most of my time with?

These are some of the questions our clients consider as they head into retirement. Over the past 24 years we’ve helped thousands navigate these decisions and we’ve arrived at a single belief: it’s not what you do in retirement that matters, but instead a focus on 4 key areas that leads to a fulfilling retirement.

Success In Retirement

Introducing Future Framework: A new approach to understanding what the happiest retirees have done to retire well. Derived from dozens of academic studies, and our own experiences with clients, Future Framework is a combination of 4 key areas of focus that retirees have said provide the most fulfilling and rewarding retirement experience.

Experiencing prosperity includes not only how much you have, but how confident you are in your financial future. A comprehensive financial plan, along with trusted, ongoing financial guidance are the key elements here. Research estimates that working with a financial advisor, over time, can add about 3% in net returns by providing financial guidance in certain key areas1.

Your personal connections not only help you to replace the sense of community that work provided, research has shown that people with fruitful social relationships live three and a half years longer than those without2. Being closely connected to friends and family, and being open to new social experiences, breeds success in this important area.

Whether you loved your job or just did it for the paycheck, work provides a sense of purpose for most individuals. Finding ways to replace this with volunteering, part time work or other purposeful commitments is vital. People living with purpose have a higher likelihood of staying physically and mentally healthy longer3.

Making healthy life choices is a critical habit. Studies show that health is the single most important component of a happy retirement4. Diet, exercise, and healthy lifestyle choices are key for making your health a daily priority.

Retiring Well

So what does this mean for you? As you think about how you are going to spend your time in retirement, it’s important that you consider the 4 areas of your Future Framework. Make time for your friends. Find ways to utilize your skills around the house, or in your community. Place an emphasis on diet and exercise. And get a solid financial plan in place.

We want you to thrive. Meeting with a credentialed, fiduciary advisor from Hanson McClain, someone who has an interest in more than just your finances, could be the first and most important step to retiring well.

1Putting Value on Your Value. https://www.vanguard.com/pdf/ISGQVAA.pdf
2Holt-Lunstad J, Smith TB, Layton JB (2010) Social Relationships and Mortality Risk: A Meta-analytic Review. PLoS Med 7(7): e1000316. doi:10.1371/journal.pmed.1000316
3P. L. Hill and N. A. Turiano, “Purpose in Life as a Predictor of Mortality Across Adulthood,” Psychological Science 25, no. 7 (2014): 1482– 86). P. A. Boyle, A. S. Buchman, L. L. Barnes, and D. A. Bennett, “Effect of a Purpose in Life on Risk of Incident Alzheimer Disease and Mild Cognitive Impairment in Community-Dwelling Older Persons,” Archives of General Psychiatry 67, no. 3 (2010): 304– 10
4Merrill Lynch Health & Retirement. http://www.ml.com/publish/content/application/pdf/GWMOL/MLWM_Health-and-Retirement-2014.pdf