Episode 3 focuses on the types of questions you should be asking when choosing a financial advisor.
Maybe you don’t have a financial advisor yet. Maybe you’ve often wondered what questions to ask when talking about planning for Retirement. Do you know what fiduciary means? Should you have long-term care insurance? Join Carolyn Fleury, Wealth Management Specialist at Merrill Lynch, and me as we address eight important topics you do not want to overlook.
About our Episode Guest
Episode 2 covers the ins and outs of senior communities. Thanks for joining us!
Do you have questions about Senior Communities 55+? What does it mean to live in one?
In this episode, I discuss the ins/outs of these types of communities with 23-year Realtor Jodie Barringer of Engel & Völkers, Nashville. Find out if this type of community might be the right choice for you in retirement.
About Our Episode Guest
Engel & Völkers, Nashville
"I sell properties specifically in Nashville Proper from the river and the downtown properties to the edge of the city at Old Hickory Boulevard and the top of Williamson County. I focus on condos, resales, new builds, and lots."
My friend Emily and I were out walking last week. Suddenly she stopped short and said, “Did you hear that Bob did The Big-R?” I was puzzled. “The Big-R?”
“That which cannot be named,” she uttered in her best Harry Potter-esque voice. I smiled and leaned in closer and whispered, “Are you talking about ‘Retirement’?”
“Shhh!” she hissed. “Seriously, don’t use that word anymore. It conveys the wrong message!”
“What in the world do you mean?” I asked. She sighed, and I felt like she was searching for a way to say something nicely. “You, of all people, should know.”
“Look,” I said, “I know there is a lot of misinterpretation about the word ‘Retirement,’ but really, … comparing it to *Voldemort?”
Emily shook her head. “Misinterpretation? People hear the Big-R word and think the person is over the hill, incapable of anything new and fresh…, and, basically, A HAS BEEN!”
My mouth dropped open. “Ok, here’s proof!” she said as she pulled out her phone and pointed to a webpage. “Just look at the definition from the fancy Oxford English Language Dictionary!”
1. giving up work, stopping work
2. seclusion, retreat, solitude, loneliness,
isolation, privacy, obscurity
I could hardly believe what I was reading!
I looked in amazement as she continued. “I have no problem with definition #1 but check out #2! And, by the way, I’ve been thinking maybe you should stick with being called a ‘Life Coach.’ If this is how people are viewing The Big-R, listing yourself first as a Retirement Coach could put people off!”
Just like a Life Coach, a Retirement Coach helps people deal with life’s transitions.
“Oh, Em,” I said shaking my head. “Just like a Life Coach, a Retirement Coach helps people deal with life’s transitions. It’s like the change from being single and then getting married or going from being a couple to having kids. ‘The Big-R’ requires thinking about and planning for the next 20 to 30 years! A person will have more time and more choices for not just how to fill the day but also for how to feel fulfilled at the end of the day. Planning is how to avoid definition #2!” We decided to order coffee and sat down outside.
“If it was my dictionary,” I continued, “Definition #2 would be something like,
"The opportunity and time to energize lifestyle,
renew interests, and create new adventures.”
As Emily thought about it, I decided to have some fun and sound less like a coach. “Take Clark Kent, for example. He knew he was meant to use his superpowers to seek truth and justice, but he couldn’t just transition from Smallville to Metropolis without a plan to protect his identity! He got a job as a reporter at the Daily Planet and located a nearby phone booth.” She started laughing and almost choked on her coffee. But she was listening.
“Here’s another example - suppose you decide to get fit and enter a half marathon. You wouldn’t just get up that morning, put on a good pair of running shoes and join the race - hoping to get to the finish line, right?! You’d map out a training program to make sure you were prepared to succeed.”
She wiped some coffee from her chin and laughed out loud. “Ok, but what about other people’s reactions? I just saw Susan, and she was complaining that her neighbors think since she is around all the time, she can watch for their deliveries!” She paused, “And her kids think she is a full-time babysitter; they assume she’s always available.”
Today, more than 50% of retirees are working
Market President, Franchise Consultant
"In simplest terms I'm a franchise matchmaker. I work locally with people across Tennessee and Arkansas who want to find out if business ownership is right for them, and if so, which franchise would be the best fit. And keep in mind, my services are at no cost."
When I remind myself of these five steps to making happy a habit, I gain personal strength and the resilience to deal with ‘stuff’ that life sends my way. That half-full glass allows me to be more creative and to realize that if I’m blocked in one direction, there are many ways to reach my personal goals. For example, this is a blog I wrote when in lockdown from Covid.
I’m pretty sure that exercise has become part of your daily routine, and I’ll even bet that your thoughts offered a brief ‘thank you’ after you took the 5-7 minutes a day to give them a rest. And that daily random act of kindness? It probably has become more of a reflex than something you have to think about.
I hope you have made happy a habit. Please share with me any stories about the challenge that you have, and please remember the words of Wayne Dyer: “If you change the way you look at things, the things you look at change.”
(HINT) the answers are in the 5 steps to MAKE HAPPY A HABIT.
- What should you write down every night before you go to sleep?
- How should you greet the morning when you wake up?
- When is a good time to meditate/sit quietly for 10 minutes/walk barefoot in the grass?
- Who do you need when you decide it’s time to exercise 20 min a day?
- Where can you perform a random act of kindness?
Welcome to my new podcast,
Resources for a Modern Retirement!
Retirement is not "One Size Fits All.” And a Modern Retirement includes planning for the next 20-30 years! Spending time involved in activities that YOU truly enjoy and that make you feel fulfilled is the key to success on the journey. But how do you find out what is out there?
I hope this podcast helps.
Loretta Saff, M.A., CPC, CPRC
As an active writer, both nationally and internationally, Loretta Saff's humor columns, blog, and lifestyle articles reflect an insight in dealing with situations that helps people get to their core issues and encourage confidence, trust and support.