James Lau’s Post

Does traditional retirement still exist? Yes, that retirement construct still exists. Some people want to leave their job at 65 and move to a sunny state to hang out with their friends. That construct has never been disrupted or challenged until now. Re-imagineers, people who are reinventing a dynamic second half of life, have advocated for abandoning that outdated concept and have created a new version that happens later in life. The new retirement is a rewire to their next career. Many have focused on individualized entrepreneurialism, going back to school, following their previous passions and building a bigger life for themselves. They are driving the new longevity economy.

From Mouseketeers to re-imagineers! Discover how baby boomers are redefining retirement in this Q&A with Michael Clinton, author of a book about second acts. #RiversEdge #luxuryseniorliving #seniorliving #lifeplancommunity #nyclifeplancommunity #retirement #reinventingretirement #retirementreimagined

Millennials and Gen Z have come of age in an era marked by sweeping change. So their milestones, especially when it comes to retirement, will look different than older generations’ did. According to George Jerjian, life rarely turns out exactly how we expect. In his early 50s, Jerjian was forced to retire early after a near-death experience to take care of his health. But at 62, after feeling bored, restless and stuck, he un-retired and started a coaching company to help people achieve a more fulfilling retirement than he did. Here are four myths about retirement that more people need to talk about, according to Jerjian.

Every end is a new beginning Retirement is not the end. It is a beginning to invest in'You' A listicle to help you get started 1) Pursue a hobby or learn a new thing 2) Travel to new destinations and learn their cultures. 3) Start a business you only dreamed off earlier. 4) Focus on your health both physical and mental. 5)Volunteer for a cause close to your heart. All the above and more would be possible but you have to strategically plan to make those memories, spend time with your loved ones. My most recent client is a Director of a real estate firm who wants to invest for retirement so he and his ladylove can travel more and not be dependent. What are you looking forward to doing post retirement? PS: Retirement is the opportunity to rediscover yourself.

Tip #1: Find Purpose Want to thrive during retirement? You need to find a new purpose for your new phase of life. Thousands of studies have proven the health benefits, both cognitive & physical, of having a strong sense of purpose. From living a longer life & having a healthier heart to psychological resilience & increased life satisfaction, the benefits are both numerous & impactful. Many people find purpose through their careers, & in order to keep all the positive benefits having purpose brings as you transition into retirement, you need to find purpose anew. When you open the door to retirement, time is waiting & available. 40+ hours have been returned to you – not to mention the extra hours you’re no longer thinking about work. That’s a lot of time available to find out exactly what makes you happy & how you can use your skills to contribute to the community in a way that matters to you. IDEAS • Set goals that challenge & excite you, & commit to seeing them through • Donate your time or a skill you have • Explore the interests you’ve kept on the backburner • Take classes, online or in person • Build deeper relationships with grandchildren, family members, friends, or pets https://zurl.co/MIG

Picture this: You're standing in your living room, surrounded by decades of memories, knick-knacks, and furniture. As a child-free retiree, you're faced with a unique opportunity – the chance to truly declutter and downsize without worrying about preserving heirlooms for future generations. It's liberating, yet overwhelming. Where do you start? At Purposeful Wealth Advisors, we've guided countless child-free retirees through this transformative process. Downsizing isn't just about moving to a smaller space; it's about curating a lifestyle that aligns with your retirement dreams. Let's explore how you can simplify your life, reduce your expenses, and create a living space that truly serves your needs in this exciting new chapter.

Tip #1: Find Purpose Want to thrive during retirement? You need to find a new purpose for your new phase of life. Thousands of studies have proven the health benefits, both cognitive & physical, of having a strong sense of purpose. From living a longer life & having a healthier heart to psychological resilience & increased life satisfaction, the benefits are both numerous & impactful. Many people find purpose through their careers, & in order to keep all the positive benefits having purpose brings as you transition into retirement, you need to find purpose anew. When you open the door to retirement, time is waiting & available. 40+ hours have been returned to you – not to mention the extra hours you’re no longer thinking about work. That’s a lot of time available to find out exactly what makes you happy & how you can use your skills to contribute to the community in a way that matters to you. IDEAS • Set goals that challenge & excite you, & commit to seeing them through • Donate your time or a skill you have • Explore the interests you’ve kept on the backburner • Take classes, online or in person • Build deeper relationships with grandchildren, family members, friends, or pets https://zurl.co/MIG

Most prospective retirees do not realize that once they retire, the luxury of running into and connecting with people may suddenly and dramatically change. While the thought of eliminating personal interactions with some co-workers might sound great at first, fewer interactions can lead to feelings of isolation, boredom, and being out of touch. One study by the Institute of Economic Affairs (IEA) highlights that people are much more likely to experience social isolation and loneliness after retirement. According to their findings, retirement can lead to a reduction in regular social contacts by as much as 70%. Retirement is, perhaps, the first time in life where social connections are "built-in" to our lives. During the retirement transition, it is important to assess your relationships and set up your social network with conscious intention. #RetirementPlanning #RetirementCoaching #FinancialPlanning #MentalHealth #AgingAdults #FindYourPurpose #BabyBoomers #ConsciousEldering

Picture this: You're standing in your living room, surrounded by decades of memories, knick-knacks, and furniture. As a child-free retiree, you're faced with a unique opportunity – the chance to truly declutter and downsize without worrying about preserving heirlooms for future generations. It's liberating, yet overwhelming. Where do you start? At Purposeful Wealth Advisors, we've guided countless child-free retirees through this transformative process. Downsizing isn't just about moving to a smaller space; it's about curating a lifestyle that aligns with your retirement dreams. Let's explore how you can simplify your life, reduce your expenses, and create a living space that truly serves your needs in this exciting new chapter.

Work can be more than a job for some —It’s a Reflection of You Work is often tied to personal identity. For some, it’s a source of pride and purpose; for others, it’s a community. Professions like healthcare, education, and public service make this connection even stronger. But what happens when retirement comes? For those whose identity is closely tied to their career, stepping away can feel like losing a piece of themselves. How can we prepare for this transition, ensuring that retirement isn’t an ending but a redefinition? #navigate🧭