3 Exercises Help Reluctant-to-Retire Folks Know When to Say When

Transitioning into retirement isn’t easy for everyone — especially entrepreneurs — but these three planning exercises can help clarify what you want out of retirement and whether you really are ready to let go.

An older businessman.
(Image credit: Getty Images)

It is happening more frequently: Your friends, colleagues and customers are contacting you to share their exciting news about retiring. The call goes something like this … “Dennis, guess what! I have been debating, pondering and wondering if this day would ever come, and it has! Officially, next month I have decided that I am going to retire! I am thrilled to be able to spend more time with family, continue my efforts in breaking “80” on the golf course, and I have always wanted to get more charitably involved in my community.”

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Dennis D. Coughlin, CFP, AIF
Partner, CG Capital

Dennis D. Coughlin, CFP, AIF, co-founded CG Capital with Christopher C. Giambrone in 1999. He has been in practice since 1996 and works with individuals nearing retirement and those whom have already retired. Proud of his humble upbringing, Dennis shares his advice with the same core principles that he was raised with. When not in the office, you will find him with his family enjoying the outdoors.