When talking about retirement, people often focus on saving to replace income, but work doesn’t just provide money. Here’s what else you should focus on. PennyGem’s Johana Restrepo has more.
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00:00When talking about retirement, people often focus on saving to replace income, but work
00:09doesn't just provide money.
00:11It provides a sense of purpose, meaning, and it can be part of our identity.
00:16It also gives people a way to socialize, so when all that is suddenly gone, it can be
00:22really disorienting.
00:23NerdWallet recommends envisioning what a typical day will look like once you check a few things
00:28off your bucket list.
00:30How will you spend each day or hour?
00:33When someone asks you, what do you do, what will you say?
00:37Before you commit to retirement, spend two to three weeks doing what you would do, like
00:41traveling, volunteering, or go check out the city or place you want to move to to see if
00:47you like it.
00:48Forbes points out that there's a difference between staying busy and feeling fulfilled.
00:54Set new goals or learn a new skill.