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