The New Pillars of Retirement Planning

Key Takeaways

• Reframe retirement as a new chapter focused on activating purpose rather than simply ending work; use this mindset shift to clarify what matters most in your retirement years
• Designate a trusted contact for your financial accounts and maintain regular check-ins with your advisor to catch potential cognitive changes early, since financial advisors are often first to notice unusual activity
• If you plan to help adult children financially, work with your advisor to model the impact on your retirement plan and consciously decide what you can withdraw without compromising your core financial goals
• Take personal responsibility for your retirement savings since defined benefit plans are disappearing and government support cannot be relied upon as it once was; resume or increase retirement contributions immediately
• Schedule a meeting with a financial advisor to stress-test your retirement plan against market volatility and confirm you're still on track toward your goals despite recent economic changes