I love golf. But every day for the rest of my life? No chance.
Thousands of people fall into the same trap when they retire: they assume that more leisure, more golf, more travel, more relaxation, is the key to a happy retirement.
But after working with hundreds of retirees, I’ve seen that financial planning alone doesn’t create a fulfilling retirement. You also need a life plan.
The Retirement Reality Check
Picture this: You finally step away from your career, and the first few months feel amazing. You sleep in, travel, hit the golf course, and enjoy long lunches with friends. But then something shifts.
- You can only play so many rounds before it gets old.
- Traveling is exciting, but after a while, you crave a sense of home and routine.
- With nothing scheduled on your calendar, days start blending together.
That initial thrill of retirement fades, and what replaces it? For many, it’s boredom, aimlessness, and even regret.
The Difference Between a Fulfilling and a Failed Retirement
The happiest retirees I’ve worked with don’t just retire from something, they retire to something. They have a purpose, a reason to get out of bed in the morning.
Here’s what they do, instead of filling their days with only leisure, they actively engage in things that challenge them, bring joy, and create a sense of contribution. Here are a few of the things that we have found give retirees fulfillment:
1. Hobbies with Depth
In reality, hobbies aren’t just for fun; they provide structure and personal growth. Whether it’s woodworking, painting, fishing, or learning a musical instrument, retirees who spend time in multiple hobbies with depth are more engaged and happier.
2. Service and Volunteering
Many retirees find incredible joy in giving back. Volunteering for a cause they care about or mentoring young professionals, helping at local charities, or even serving on boards, provides meaning and connection.
3. Starting a New Business or Passion Project
Retirement doesn’t have to mean the end of being a professional. Many successful retirees start consulting, invest in real estate, or build passion-driven side businesses. This allows them to stay mentally sharp, contribute their expertise, and even generate additional income. We had a client a few years ago start a business that he may now sell for over $1M USD.
4. Family and Relationships
Spending more time with loved ones is a top goal for many retirees, but it’s important to be intentional. Whether it’s planning weekly activities with grandkids, hosting dinners, or traveling together, nurturing relationships gives life meaning.
5. Health and Fitness
Aging well isn’t just about money, it’s about maintaining an active, healthy lifestyle. Retirees who commit to fitness, whether pickleball, yoga, or hiking, tend to have more energy and a more positive outlook.
Financial Planning vs. Life Planning
Most people spend decades planning for the financial side of retirement and making sure they have enough to maintain their lifestyle. But the real challenge is planning for what that lifestyle actually is.
So, ask yourself: What’s your plan for retirement?
Because I promise you, just golf won’t cut it.