On June 2, Truepoint Talks shifted gears to talk about retirement planning, and more specifically, the importance of creating a vision of what you want your retirement to look like. Janel Carroll and Nate Johnson led the discussion and shared some client stories along the way.
As we all know, the concept of retirement has changed dramatically over the past few decades, and the expectations of what retirement looks like is more varied than ever – everything from a traditional focus on relaxation and freedom from work to launching into a “second act” (or third!). The odds of finding satisfaction and fulfillment in retirement can be greatly enhanced by clarifying your values and crafting a vision. And this is not just some feel-good exercise – the vision is critical because it shapes nearly every financial recommendation we make. The most important aspect of your financial strategy is that it supports the achievement of your vision.
Some of the specific points Janel and Nate addressed included:
- Inspiration from Yogi Berra: “If you don’t know where you are going, you might wind up someplace else”
- How to “sketch” out your vision and values, knowing that there is no one size fits all
- Understanding what financial security actually means, especially when life takes unexpected detours
The full conversation with Janel and Nate can be viewed below: