Schultz Financial Group believes that true wealth comes from four capitals, one of which is Intellectual. One of your most important assets is your knowledge and experience, and this is an aspect we like to discuss with our clients during the financial planning process. With any life change, you have the ability to utilize your intellectual capital to its fullest potential. If you’re retiring, we want you to be able to leave the job behind, but maintain your level of satisfaction. Determining what gives you fulfillment is an important part of how you invest your intellectual assets. Along those lines, we want to understand your motivations if you are making a significant life change.

If you are retiring because you are tired of your job, then it can be valuable to determine what requirements your work lacks. Are you missing academic stimulation, purpose, or social interaction? Researchers from the Urban Institute noted that, “Retirement does not always turn out as people expect. Older adults without definite retirement plans may find themselves bored or depressed.” Don’t assume that those desires will naturally fall into place during retirement. Instead, it can be beneficial to detail what will give you purpose in this new stage of life. Here are a few ideas to get you started:

1. Become a mentor and pass down your knowledge to the next generation.

2. Volunteer for an organization that is bringing about the change you want to see in the world.

3. Determine the legacy you want to leave your family – write down meaningful stories from your life or those that have been passed down to you.

4. Use your expertise or passion to succeed in different angles of business – identify what unique skills you bring to the table and how you might be able to use those skills to start your own business.

If there are certain goals you would like to discuss with us, please reach out to us and we will be happy to start the conversation with you.

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