Articles in "Quality of Life" category:

A Future Based on Purpose

  Michael Lynch     Thu Jul 12 10:00:00 EDT 2018 

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I recently wrote a blog post discussing how to help your clients have a successful and fulfilling retirement, especially when considering the unpredictability of the future. After it posted, one of the comments suggested including the importance of philanthropy and giving back for having a fulfilling retirement, and I couldn’t agree more.

One of the most rewarding things retirees can do that can fill the calendar and the heart is giving back. As I’ve traveled the country, some of the happiest people I meet are dedicated to giving back—they have found a deeper sense of purpose and their lives seem more complete. There are several different ways to give back that can help your clients find purpose during retirement, whether it’s with money, time, or knowledge.

Invest for What: Bringing Retirement out of the Abstract

  Michael Lynch     Tue Jun 05 11:00:00 EDT 2018 

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Retirement may seem like a far-off, intangible concept for many people, and yet, from an early age, we regularly allocate a sizeable portion of our income to fund it.  Saving for retirement is expected, but it can be hard to plan for a future that is almost completely unknown—it is almost like paying a mortgage on a house you’ve never seen.

When I think back to when my wife and I bought our home, we had a laundry list of specifications: location, taxes, number of bedrooms/bathrooms, size of the kitchen, single-family home or a townhome, etc. When we found houses that met enough of our criteria, we visited each one and weighed the pros and cons until we purchased the one we loved.

I can’t say I would agree to pay for a home that I’ve never seen, and yet telling clients to save for retirement is essentially asking them to put money aside for something they’ve never experienced. Retirement can be ambiguous and unpredictable, but it is also—like buying a house—one of the most substantial investments we make in our lifetime. Shouldn’t we also have a list of criteria for how we want to live in retirement?

Educating Your Kids Beyond Their Lemonade Stand

  Michael Lynch     Wed Apr 18 15:00:00 EDT 2018 

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When we were children, our parents always seemed to be yelling about the most mundane things.

Eat your vegetables!
Make your bed!
Finish your homework!

Though we couldn’t understand at the time why they were determined to control our lives (or ruin them), as we’ve grown up we’ve realized the importance of these small habits. Our parents were just trying to make sure we were healthy and equipped to handle adulthood. But there was a major piece missing. Conversations about finances.

What's Your Why?

  Michael Lynch     Tue Apr 03 10:00:00 EDT 2018 

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Have you ever stopped your clients and asked them, in regard to retirement, what exactly it is they’re saving for? Retirement is one of your clients’ largest investments, and it is one they put money away for sight unseen. A dream home, the kids’ education, care for elderly relatives, and transportation are all tangible investments. What about retirement? If you asked your clients to paint the picture of what their retirement looks like, would they be able to?

Smart Home to Safe Home

  Michael Lynch     Wed Jan 24 15:00:00 EST 2018 

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For many people who are approaching or already in retirement, housing can be a big decision. When determining where they will choose to age, considerations should go beyond if a home is affordable or in a desirable location. Can the home meet their changing needs as they age? For example, does it have features that will allow them to live comfortably in the event of declining mobility? For a married couple, could a spouse remain in the home if they find themselves having to live alone?