While working on the content for the book, Strid invited clients and friends to share their biggest concerns as they look to retire, as well as what they are most looking forward to.
Based on these responses:
Today’s retirees are seeking a much more active lifestyle than in previous generations, with multiple mentions of the desire to be proactive in maintaining health in mind and body as well as the anticipation of time spent relaxing with grandchildren, friends, and other family.
In seeking “continued purpose in life,” several also noted community service and philanthropy as priorities at this stage of their lives.
Among the top concerns was, as one respondent noted, “Finding the right balance between income, meaningful work, and having time to grow, learn, and develop.” Additional responses referenced:
The ongoing risk of market volatility and a possible recession
Unexpected health costs
The wish to achieve financial security for themselves and their spouses without burdening others
Ideally being able to pass wealth on to their children.
“Ensuring they outlive [their] money”
“Maintaining [their] pre-retirement lifestyle”
“Growing [their] savings and leveraging ‘safe’ investments” amid a changing market
In order to best position themselves for these goals, Exploring takes a fresh approach to the post-employment years, understanding the needs and goals of today’s retirees. Going beyond traditional financial topics, Strid also shares advice with readers in the following areas:
Ensuring financial and legal affairs are in order and familiar to both spouses
Continuing to support and be present in the lives of children and how that impacts finances
Managing changes in health, lifestyle, and relationships
How to best leverage technology tools to help with transportation, part-time employment, and social interaction
“As we continue to live longer, our retirement years continue to expand, offering an exciting final phase of life full of new and favorite activities, time spent with loved ones, and relaxation,” said Strid. “Through Exploring, I am excited to share how, with proactive financial strategies in place, we can reduce anxiety as we look ahead and focus on the happiness and adventures that await us.” Additional information is available here.
About Concentus Wealth Advisors
As a family-based team of independent Registered Investment Advisors, Concentus Wealth Advisors is committed to helping high net worth families achieve their most important financial goals. Our advice goes well beyond the accumulation of assets to address virtually every aspect of their wealth. The detailed and disciplined process we follow with each client results in a personalized wealth management roadmap integrating investment strategy, family governance, estate planning, liability and life insurance solutions, philanthropic endeavors, real estate, and more—for both today and tomorrow. Our completely objective and transparent service model allows us to act in a truly advisory and fiduciary capacity for our clients; each solution we present is drawn from the best of Wall Street and is presented entirely in the best interests of the families we serve. In today’s complex financial world, Concentus Wealth Advisors brings welcomed clarity, vision, and results to our clients’ financial lives.