What will retirement do to your life? This can make you unemployed without making you incomeless. The shock of being fired is usually overwhelming because of the risk and fear associated with a sudden loss of income. But retirement is different. Income keeps coming, no job. What could this mean for your life?

Life is about activity. Activity does not necessarily mean physical activity. In fact, as a whole, true meaning in life comes from being active in all four dimensions of one’s life: physical, energetic, mental and spiritual. Unfortunately, most occupational jobs adopted by the majority of the workforce, regardless of socio-economic category, involve exercising one, or at best, two of these four dimensions that make up our lives. Thus, the rigors of job management often keep us away from our basic need to integrate these many dimensions of our lives. Which leads to the generation of a void that we accomplish by engaging in a variety of tasks that can be called timepasses or “lifepasses”. Just as the word timepass refers to doing something with our time without any specific purpose, so pursuing lifepasses are purposeless habits and rituals that we subconsciously use to deal with the vacuum created by the lack of a unified, totality. do for. lifestyle.

Retirement is an opportunity of a lifetime. It gives you the time and resources to turn these LifePass activities into truly meaningful activities. However, it is not as simple and easy as one might think. Doing this successfully, starting life on any other meaningful pursuit requires careful planning, communication, execution, and tracking. Four principles of management that we must have deployed throughout our work-life to manage things effectively. This mindset of bringing effective management techniques to transform our own lives can help us to become responsible senior person, senior-family as well as senior citizen.

How do you use the four principles of planning, communicating, executing, and tracking your life’s self-transformative goals in the post-retirement era? It will essentially start with planning. The mother of all resources: Money is something you start with. It is likely that you may receive a certain amount of money in one go, which is expected to be used to maintain the lifestyle of you and your family. However, the key is to move from a maintenance-mindset to a growth-mindset. Life must continue to evolve because maintenance is an essential quality built within evolution. Thus financial planning should maintain your life-development goals as much as your life-maintenance goals.

Let us get into the specifics of financial planning to support your life-growth goals.

Views are personal: The author is Soumyajit Ghosh, Director at Wealthap Distributors Pvt Ltd, Kolkata

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