Retirement planning is about more than money

So, you’re ready to retire, or perhaps you’ve recently done so.

Most retirement planning focuses on money and whether you have saved enough to stop full-time work. But as many retirees discover, a financial plan is not a life plan.

What many pre-retirees fail to consider, and I include myself here, is what our daily life will look like in retirement. What will make us jump out of bed in the morning, knees and joints permitting, with a sense of purpose?

Some people adjust easily, but for others, especially those who’ve had a demanding career, it can feel like falling into a void. They’ve spent so much energy getting to the finish line, they’ve forgotten to think about what comes next.

After the honeymoon period, perhaps an overseas trip or a victory lap of Australia in a van, many retirees begin to wonder, like the old Peggy Smith song, “Is that all there is?”

The answer is no. Here are some tips you might like to consider, preferably well before you retire.

Redefine your sense of purpose