Financial freedom : A World of possibilities in Retirement

The ideal retirement is a very personal concept and varies significantly from person to person, depending on their interests, financial freedom, and lifestyle. However, some elements often appear in most people’s vision of an ideal retirement.

An ideal retirement for most people could include:

● Financial freedom:

Enjoying life without financial worries and having enough resources to cover all needs and desires.

● Health and well-being:

Maintaining good physical and mental health allows you to enjoy activities and hobbies.

● Free time:

Picture yourself spending time on what you are truly passionate about, such as traveling, practicing hobbies, cultivating social relationships or simply relaxing, inspiring you to make the most of your retirement.

● Autonomy:

Imagine maintaining independence and the ability to make decisions about your own life, empowering you to live life on your own terms.

● Purpose:

Feeling that life continues to have meaning and significance through volunteering, continuous learning, or participation in community activities.

● Comfort:

Enjoy a comfortable home adapted to the needs of your age, surrounded by loved ones.

What makes an ideal retirement?

● Planning for financial freedom:

Anticipating future needs and making appropriate financial decisions to ensure a peaceful retirement.

● Health:

Adopting healthy lifestyle habits from an early age and having regular medical check-ups.

● Social relationships:

Cultivating strong relationships with family and friends who provide support and companionship.

● Adaptability:

Being willing to adapt to changes in life and find new ways to enjoy life.

● Positive attitude:

Maintaining an optimistic attitude and enjoying every moment.

In short, the ideal retirement is one that allows each person to achieve their personal goals and live a full and satisfying life. However, many people wonder what they will do after retirement because they have never imagined their lives without work beyond thinking about a short vacation.

According to Peralta M, planning for financial freedom in retirement has predominated in recent years because the life expectancy of the population has increased. Let’s see it in his words:

Financing one’s retirement lifestyle represents the largest and most important financial goal. Retirement planning has gained importance as life expectancy increases worldwide. In 1960, 65-year-old men in developed countries had a life expectancy of approximately 11 to 14 years, while 65-year-old women had a life expectancy of 14 to 16 years. Since then, life expectancy for 65-year-olds (both men and women) has increased substantially. The increased emphasis on retirement planning has also been driven by a shift in the primary responsibility for financing retirement from employers and governments to individuals (p.2).

So, there are two main things we need to keep in mind to have the retirement we want. These are:

1. Financial planning

1. What activities do I want to do in my retirement?

Regarding financial planning, there are currently different ways to do it, even years before retirement. Which is much better to have more time to save, invest, and put in place the ideal strategies to achieve the retirement we dream of, and above all, to have the peace of mind we need in these golden years to come.

You have probably heard of Hourly Financial Planning. This is a scheme that was born a few years ago, with the aim of guiding many DIY investors who normally manage their portfolios because they know the financial area in retirement planning, as well as it is an option for individuals, couples, or families who have been hand in hand with their financial advisor for several years but would like the second opinion of an expert in the area, to know if their money is being managed in the best way. Now, it is also an option for those who want to prepare for retirement and have not had any connection with this subject before.

There are multiple amounts of Financial Advisors per Hour, at Advise Financial we provide this service in a fiduciary manner, that is, the client’s interests always come before our own, and our CEO and Certified Financial Planner is Alonso Rodriguez Segarra positioned among the 10 best Advisors in Florida, from whom you can obtain information on pages such as https://www.napfa.org/

One of the things that sets us apart at Advise is that we don’t have a minimum number of hours for clients to hire our CFP. That is, if you want to hire one or two hours to talk to him about your financial situation and ask the questions you think are necessary, you can do so. You can also hire 4, 6, or 8 hours or more to discuss much more specific financial issues that require greater insight.

Now, we can’t plan without knowing what we want to do at the time we’re working towards, so below are some recommendations on what you can do in your retirement.

Remember: The key is to find activities that you’re passionate about and that allow you to stay active both physically and mentally.

Here are some ideas:

• Travel: Explore new destinations, learn about other cultures, and broaden your horizons.

• Learn something new: Sign up for courses, workshops, or classes in languages, music, painting, etc.

• Volunteer: Spend your time helping others and your community.

• Play sports: Keep your body fit and meet new people.

• Cultivate hobbies: Spend time on your passions, whether it’s gardening, reading, photography, or any other activity you enjoy.

• Connect with nature: Go for a walk, hike, or just enjoy the tranquility of a park.

• Join social groups: Meet people with similar interests and make new friends.

• Learn to play an instrument: Develop your creativity and express your emotions through music.

• Writing: Keep a journal, write stories or poems, or even a blog.

• Cooking: Experiment with new recipes and share your creations with loved ones.

Whatever you decide will be fine as long as you plan financially and feel comfortable with your decision. Remember that retirement is a time when we take a well-deserved break after so many years of service and hard work. So it should be a stage that we enjoy to the fullest, without forgetting that to achieve this, we have to be financially and healthily stable.

“When you retire, get up earlier, have more energy, plan more and be more excited than when you were working, because now you have all the time you wanted before to do all the things that make life worth living” – Anonymous

Alonso Rodriguez Segarra – CERTIFIED  FINANCIAL PLANNER™

Which provides hourly, fee-only, and fiduciary financial planning services. He has over 20 years of experience in the financial world and has been named among the Top 100 Financial Advisors in the US by Investopedia.

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Note: The comments given in this guide are for educational purposes only. Before    making a financial decision, consult your financial advisor or conduct appropriate research. Remember that historical results are not a guarantee of future returns. In    the comments provided, this guide does not consider tax impacts. Always consult your particular case with a specialist. We are not your financial advisor, so             remember that each case differs.

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All rights to this guide are reserved, and the occasional mention of third-party brand names is made solely for educational and reference purposes, without any interest in financial gain. This information is for educational purposes only and does not represent an offer of products or services.