5 reasons to hire a retirement coach

Retirement isn’t what it used to be ten or twenty years ago. People used to simply leave the jobs that they held for the most part of their life and moved to a quiet place to enjoy the remaining years of their quiet lives.

Currently, retirement is clearly not the destination that it used to be. It is likely that even after retirement, you have maybe thirty or even forty years ahead of you and that’s a significant amount of time to be clueless about.

Let’s say you have saved up enough money by the time you have retired, do you really think it will be enough to keep you purposefully occupied and busy? In other words, would you be ready for retired life? Here’s where the role of a retirement coach comes in.

5 reasons to hire a retirement coach

What’s a Retirement Coach?

You might want to know what exactly is a retirement coach.

Some people are totally and absolutely prepared for the financial aspects of their retirement. But what about beyond that? Are you prepared for the non-financial part of your life once you retire? A retirement coach helps you prepare mentally and emotionally for life after retirement.

The role of a professional retirement coach is not much different than a life coach, except that he/she is really focused on the challenges and opportunities that surround retirement. Retirement is a big change and will obviously be different than what life was before. In fact, it is a really major transition that you might ever face.

A retirement coach can help you make the most of your retired life. The following are the reasons for you to hire a retirement coach.

#1 Identify what Matters to You

Retirement is the only time in your life when you are completely free and can decide what you want to do. You need to decide, what’s important to you? How do you wish to spend your time now that you no longer go to work? These questions may seem easy but are actually complicated and can be overwhelming too.

A retirement coach can help you answer these questions and choose from several opportunities on how to spend your time and energy. You can even take their help to discover an underlying passion and work on a plan to pursue it.

#2 Measuring Success

During your career, you may have measured success with varying levels of professional achievements. There are plenty of opportunities that can help in gauging success. While success means differently to different people. To some success means continuing to work at your own pace, for some, success is devoting time to a nonprofit cause that is close to your heart. A retirement coach can help you point what success means the most to you and help you define a separate set of standards to define and measure it.

#3 Health Planning

Maybe you have always been a fitness enthusiast. You have a diet and fitness regime that you religiously follow and are healthy even in your retirement years. A retirement coach can help you out in charting a plan for your health and well being to keep you motivated towards it.

In some cases, however, post-retirement, many of us realize that we are no longer able to engage in our favorite hobbies due to physical limitations. Adapting to this loss of independence can get difficult.

A retirement coach can help you adapt to this change and help you stay mentally active even though your physical activities are constrained.

#4 Change in Personal and Social Circles

While being in a regular job, you spend a major chunk of your day interacting with colleagues and co-workers. Retirement often unexpectedly brings an end to these workplace friendships, if your friends are still working and you are retired. This change in social circles can become a cause of depression and sadness in new retirees.

If you find yourself missing on close friendships, you can go ahead and make new friends or reinvigorate old relationships. A retirement coach can help you deal with these conflicting emotions and encourage you to reach out and make new social connections.

You will find yourself making conscious decisions about how much time you want to spend in socializing and making new connections. If you are staying with your spouse, relationships do change after retirement. Divorce after retirement is becoming quite common which can have a disastrous effect on a person’s financial and emotional life. After spending so many decades together, many people somehow no longer feel the emotional connect. Relationship and retirement coaching can help you cope.

#5 Developing a Schedule

One of the biggest changes accompanying retirement is the change in your time schedules. With most adults having full-time jobs and set work schedules, the time of retirement comes as a deal breaker that leaves them high and dry. Many think that the new freedom will give them the opportunity to do so much more than just work, but sometimes this freedom turns out to be a double-edged sword.

A retirement coach can help you create a routine that includes getting out of the house, meeting and socializing with new people and learning new things. A healthy routine can help you stay productive and recover the lost confidence, making you happy and increasing your sense of wellbeing.

Summing Up

Some people believe that what you are going to do in retirement is more important than how you are going to handle it financially. Finding a retirement coach is the starting point of how you want to manage your retired life.

Retirement coaches usually have a background in psychology, training or financial planning. Ideally, you should start working with a retirement coach a few months prior to getting retired so that you have a plan in place for the future. However, even if you are already retired, it is never too late to seek some support and guidance that a retirement coach can offer. Contact Legacy Transitions to know more.