Life Insurance Quotes

Retirement planning: Considering more than just finances

07/28/11

A recent article published by Forbes takes a deep look into the risks associated with retirement, and not just financial ones. One in three retirees will deal with depression, the article reports, and the average American retiree watches more than 40 hours of television per week.

One of the main reasons behind these statistics is the simple fact that many people only think about the financial aspects of retiring and neglect to take in a comprehensive view. The article outlines a number of components found in the book "Your Retirement Quest," by Alan Spector and Keith Lawrence, that can help a retiree lead a contented, fulfilling life.

The book recommends that people consider what gives them meaning in their lives and create a retirement plan around that. Retirement is a major life change, and practicing some of the lifestyle changes like traveling or simply taking some time off beforehand can give people an idea of what to expect. Work relationships often fade after retirement, and people will benefit from forging friendships outside the office that will last through their golden years.

Of course, financial planning is a major portion of getting ready for retirement. Variable and fixed annuities offer a good way to maximize on savings, allowing people to put away large sums of money and accrue tax-free interest. 

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