Tracy L. Sherwood, CFP®

As you start to consider retirement, it is important to give some additional thought to your reasons for working. This short video speaks to the many reasons people work. Apart from a paycheck, there are intangible values that we all realize in the work that we do. What makes work satisfying?

While many people think that the “paycheck” or economics is the predominant motivator; not surprisingly, our retirement coaching process reveals that most pre-retirees rank lifestyle motivators higher. This ranking exercise acknowledges the fact that many people derive satisfaction out of the work they do; for example, staying intellectually challenged or socially engaged. Once you understand what motivated your over your career, and what was important to you, you will need to find new ways to derive similar satisfaction out of new activities and hobbies that you pursue in retirement.

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