“Happiness is not a matter of intensity but of balance, order, rhythm and harmony.” – Thomas Merton
Balance is the key to a fulfilled retirement, but so many people make the mistake of solely planning for their finances in retirement. In reality your retired life will consist of many more non-financial aspects that all require attention and planning.
“It’s good to have money and the things money can buy, but it’s good, too, to check up once in a while and be sure you haven’t lost the things money can’t buy.” – George Horace Lorimer
Watch the Balance video to get more insight into what achieving balance in retirement is all about.
When it comes to retirement, people do not necessarily plan to fail, they often just fail to plan. At Retire Successfully we believe that any Retirement Plan needs to start with a Life Plan that involves creating a vision of what your life will look like in retirement.
What is Life Planning…
Retirement Planning has aptly been compared to building a jigsaw puzzle – an analogy first created by Elizabeth Jetton:
If you were building a puzzle, where would you start? Most people say the corner pieces – but the answer is the picture on the cover of the box.
Your retirement assets are the pieces of the puzzle, they make the picture possible. However, most people try and piece their retirement together without knowing what the end result needs to be.
Life planning involves creating the picture of the life you want before you start moving the pieces of the puzzle around.
The Importance of Life Planning…
Life Planning should be the first step you take when planning your retirement.
You need to know where you currently stand and what you want to do and achieve for the rest of your life. Once you have identified your aspirations, you can structure your retirement assets in order to live the most fulfilling life that your assets will allow.
This holistic planning approach is the recipe for a truly successful retirement!
Life Planning at Chartered Wealth Solutions…
Kim Potgieter (click through to Kim’s profile and picture) is a Life Planner at Chartered Wealth Solutions, a financial planning company that specialises in Retirement Planning (click through to CWS website.)
At Chartered Wealth Solutions (click through) Life Planning is not an optional added extra, it is a permanent and important part of the retirement planning process. There are four meetings that make up the retirement planning process at Chartered Wealth Solutions, but most of the work that is done is based on the information gained in the life planning meeting. In fact all of the financial planning is structured around the clients’ desired life.
Learn more about the retirement planning process at Chartered Wealth Solutions. (Click through the CWS website Process page.)
A special ‘Thank You’ to the clients at Chartered Wealth Solutions…
The clients at Chartered Wealth Solutions (click through to CWS website) are the inspiration behind the Retire Successfully website. We would just like to thank all of them from the bottom of our hearts for sharing their retirement experiences with us, and for helping us gain the knowledge that was needed to put this site together for all South African retirees.
Life planning to some may seem like a clever marketing ploy, but we have witnessed how this process has changed people’s lives. Retirement is a difficult transition, and clients have again and again communicated to us just how invaluable life planning has been in aiding them navigate their retirements.
Watch the Life Planning video to learn more about LIfe Planning from Kim Potgieter