Our Retirement Philosophy

/Our Retirement Philosophy
Our Retirement Philosophy 2017-07-11T16:21:46+00:00

Retirement as we know it is over!

The best is yet to come …

Many people, when thinking of retirement, consider it to be negative, with the focus on financial planning only. While money is important, at Chartered Wealth Solutions, we believe retirement is about so much more … whether you are a millionaire or man-in-the-street, you have 168 hours a week to spend in retirement. And because human beings are living longer than ever before, at least a third of our lives may well be spent in retirement … yet most people spend more time planning their annual holiday than planning for retirement. When you were younger, you may have made plans regarding your tertiary education, your career and family. Now you need to consider carefully not only the financial aspects of retirement but also the lifestyle you desire – how you would like to live out your retirement years.

A new beginning, not the beginning of the end

Retirement has the potential to be one of the most exciting times of your life as, in most cases, it gives you the best of both worlds – flexibility of time yet fewer of the numerous responsibilities you previously had. Even if your time and resources are not as flexible as you would like, your transition into retirement can provide an exhilarating opportunity for you to redesign your life in the way that you want it to be.

Holistic retirement planning – where money and meaning meet

Our philosophy is that a holistic approach will lead to your enjoying a happy and meaningful retirement; focusing solely on your finances is short-sighted. Your financial plan and the plan you have for your life are intertwined, so the way you structure your investments depends on what you want to do with your money. You therefore need to define what is important to you at this vital stage of your life, and then make sure you align your financial plan with your new priorities. We encourage you to look beyond your financial commitments to the place where money and meaning meet.

Life balance is key to living a fulfilling life in retirement

Our lives comprise many facets and some may be more important to us than others – of course, neglecting one facet can affect other areas of our lives: having excellent personal relationships would be of little value were your health poor and you were unable full to enjoy those who are important to you. So, fulfillment in retirement is tied to considering our current and future goals and setting aside time for every area of our lives. Chartered has developed a tool to help you assess the balance in your life – you are welcome to click here and take the Balance Test!

Retiring on purpose … with purpose

Retiring without a plan can result in a loss of purpose and becoming disconnected and even depressed. Feeling relevant and useful is the deterrent. You may choose never to retire completely, but, no matter how you manage this new season, finding a cause or activity that gives you a sense of significance and helps you feel valued is essential. We dedicate our time to helping people retire successfully, and creating a retirement plan that takes into account more than just your financial situation.

The importance of having a plan

Most people retiring today can expect their retirement to span 30 years or more. That’s more than double the period of time spent at school. Yet, often we spend more time planning our annual holiday than planning for retirement. This also means that retirement is no longer the beginning of the end, but rather the beginning of a whole new season. Just as you may have planned for your career and family, so it is important to plan for your retirement.

The importance of holistic planning

For most people, retirement planning means ensuring there is enough money to retire comfortably. We believe, however, in a more holistic approach. Deciding on the life you want to live in retirement, and how you are going to fill your time, is as important as any financial planning exercise. Part of our strategy in helping you to retire successfully is to guide you through a process of discovery in which you map out the life you want to live in retirement. Only then are we able to structure a truly meaningful financial plan – one completely unique to your life, based on your dreams and goals for retirement – a retirement where money and meaning meet.