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The Master’s Minute

Helpful Tools and Tips

Thriving in Retirement: Beyond the Hose & Buyer’s Remorse

June 20, 2023 by Lyle E. Hershey

To combat the recent drought, I decided to install a simple irrigation system in my garden. To make it all work seamlessly, I needed an extra hose. However, after I buried the hose underground and turned on the water, to my dismay, I realized I had mistakenly purchased an irrigation hose instead of a standard one. The frustration of buyer’s remorse was undeniable.

Buyer’s remorse is a common affliction with everyday purchases. Yet, its impact becomes far more consequential when it infiltrates aspects of life as significant as retirement. Imagine diligently saving and investing for decades, only to arrive at the doorstep of retirement and discover it falls short of your expectations.

Just like my garden hose mishap, we can meticulously plan for retirement and still fall short of our expectations by overlooking a crucial element. Planning for a successful retirement extends beyond financial considerations: it requires a holistic approach to ensure a fulfilling period of life. Here are five tips to thrive in retirement:

  1. Create Your Vision: Before embarking on the retirement journey, take some time to envision what you want retirement to look like. Consider your passions, interests, and goals. By having a clear vision of your retirement, you can align your decisions and actions accordingly.
  2. Maintain a Healthy Lifestyle: Prioritize your health and well-being in retirement. Establish healthy habits such as regular exercise, a balanced diet, and sufficient sleep. Engage in activities that keep you mentally and physically active.
  3. Cultivate Social Connections: Building and maintaining social connections is essential for a fulfilling retirement. Actively engage in your church and community organizations that align with your interests. Participate in social activities, attend local events, or seek out volunteer opportunities.
  4. Pursue Lifelong Learning: Retirement is an excellent time to explore new interests and continue to learn. Consider enrolling in classes or workshops on topics that interest you. Take up new hobbies, learn to play a musical instrument, or explore arts and crafts.
  5. Find a Sense of Purpose: Find new ways to contribute and make a difference in the world. Consider volunteering for causes you care about or mentoring younger generations. Engage in activities that allow you to share your knowledge and experiences with others.

Before you leave your employer’s door for the last time, reflect on the non-financial aspects of retirement so that you can thrive and make the most of this exciting time. Take it from me, don’t get too focused on watering the garden that you purchase the wrong hose. Embrace retirement’s possibilities and create a life full of purpose and meaning.

When have you made a purchase that fell short of your expectations?

Filed Under: Master's Minute

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