TexasEscapes.com HOME Welcome to Texas Escapes
A magazine written by Texas
Custom Search
New   |   Texas Towns   |   Ghost Towns   |   Counties   |   Trips   |   Features   |   Columns   |   Architecture   |   Images   |   Archives   |   Site Map

Counties
Texas Counties


Texas Towns
A - Z




Columns

Columns | Go Far With Kovar

Non-Financial Retirement Considerations

by Taylor Kovar

September 20, 2022

Hi Taylor - My wife and I are retiring early next year, and though we feel like our finances are adequately prepared, I'm not sure we are mentally. I know you have worked with many retirees, so I'd love to get your thoughts on some other things we should consider before taking this big step. - Richard

Hi Richard
- Congratulations on your quickly approaching retirement! First off, let me put your mind at ease; there is no blueprint that you have to follow to have the perfect retirement. Everyone's retirement looks different, and the important thing is to enjoy the things you have worked so hard for! With that in mind, here are a few things to consider that you may not have seen elsewhere:

1. Have you shared your retirement dreams with each other? So often we have this picture of what we want this phase of life to look like, but when you are married, you have someone else to think about. Maybe that means you are doing her hobbies this week and yours the next. Perhaps that is traveling to the beach like she wants to do this year, and you travel to the mountains next year. Maybe you both dream of starting a business? Either way, you won't know how to thrive in retirement together without communicating.

2. How do you two think about money? Does your spouse hate to spend money, or does it burn a hole in their pocket? Everyone has a money personality, which affects not only every decision you make that has a dollar sign but also how you view your spouse's money decisions. If you aren't sure what each of your money personalities are, take our free assessment at www.The5MoneyPersonalities.com and find more resources on how to dominate your finances during this pivotal phase in life!

3. How much time do you want to spend with your kids and their families? One of the final mistakes people make in retirement planning is assuming you know exactly how your spouse sees your role as grandparents. Do you want to live next door and be available 24/7 (thus giving yourself a part-time job) or just watch the grandbabies during date night? There is no correct answer here, but it is essential that you have open discussions with everyone involved, including your child and their spouse, to see how they believe that relationship should be.

As you can see, there is much more to consider with retirement than the balance in your 401k. You can avoid some of the turmoil of this new stage of life by discussing these items before taking that step. Enjoy your hard-earned retirement, and I'll be here if you need me!


Taylor Kovar September 20, 2022
More "Go Far With Kovar"



Legal Disclaimer: Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. To submit a question to be answered in this column, please send it via email to Question@GoFarWithKovar.com, or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.


Texas Escapes Online Magazine »   Archive Issues » Home »
TEXAS TOWNS & COUNTIES TEXAS LANDMARKS & IMAGES TEXAS HISTORY & CULTURE TEXAS OUTDOORS MORE
Texas Counties
Texas Towns A-Z
Texas Ghost Towns

TEXAS REGIONS:
Central Texas North
Central Texas South
Texas Gulf Coast
Texas Panhandle
Texas Hill Country
East Texas
South Texas
West Texas

Courthouses
Jails
Churches
Schoolhouses
Bridges
Theaters
Depots
Rooms with a Past
Monuments
Statues

Gas Stations
Post Offices
Museums
Water Towers
Grain Elevators
Cotton Gins
Lodges
Stores
Banks

Vintage Photos
Historic Trees
Cemeteries
Old Neon
Ghost Signs
Signs
Murals
Gargoyles
Pitted Dates
Cornerstones
Then & Now

Columns: History/Opinion
Texas History
Small Town Sagas
Black History
WWII
Texas Centennial
Ghosts
People
Animals
Food
Music
Art

Books
Cotton
Texas Railroads

Texas Trips
Texas Drives
Texas State Parks
Texas Rivers
Texas Lakes
Texas Forts
Texas Trails
Texas Maps
USA
MEXICO
HOTELS

Site Map
About Us
Privacy Statement
Disclaimer
Contributors
Staff
Contact Us

 
Website Content Copyright Texas Escapes LLC. All Rights Reserved