Think of Retirement as the Goal, Not the Vision
Once you get to retirement, what are you going to do? Asking yourself some key questions as you approach that milestone can help you shape your vision of what’s next.


The idea of having a vision is often emphasized in the corporate world, with professional vision statements and self-development work that are often part of corporate coaching. But have you ever heard of having a “family vision”? What part does that play in your goal of retirement?
A vision is not the same as a goal. If you get in your car and drive until you’re out of gas, you will most certainly get somewhere. Getting in the car to reach a destination is a goal, but it lacks purpose. Spending quality time with important people is the purpose, and as long as it fulfills that purpose, you can have any number of planned stops.
A simple way to think about this is by considering Good to Great author Jim Collins’ definition of vision: Vision = Purpose + Values + Goals. The "goal" of retirement is a component of vision and just another milestone along the way.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Retirement is not the end of the road, and like many of the big milestones in life, the real work begins after you’ve achieved it. Many young people have the goal of going to a great school, but once they’re there, they need to graduate. Getting married is a goal, but the real work is staying married. Having children might be your goal, but being the best parent you can be is the job of a lifetime.
What are the missing pieces of your vision?
If you aren’t sure what goals might come after retirement, a great place to start is by figuring out the missing pieces of your vision. What do you see when you reach retirement and look around? Ask yourself:
- What are my personal and family values? Values create guardrails. They force you to prioritize, and they’re more powerful if you align your values with your partner’s, if you have one.
- What is my purpose? In the context of a family, purpose serves as a guiding star, a compass that continually inspires and propels us forward. It is not something that can be achieved, but rather, a constant aspiration that shapes our actions, behaviors and decisions. If your purpose is your guiding star, your goals, like retirement, are mountains in the journey. Climb retirement mountain and ask your star where to go next.
Here’s an example of a family vision:
- Purpose: Work hard with a kind heart
- Values: Responsibility, entrepreneurship, presence, knowledge and adventure
- Goals: Both partners retired
Early in life, retirement is theoretical, it’s down the road, but as we get closer to the goal of retirement and the likelihood that it’s going to happen, it’s time to start thinking about the next milestone. A defined purpose and clear values are extremely powerful tools in that exercise.
The ‘right way to retire’ is yours to define
Retirement is a gift, in many ways. If you’re lucky enough to be financially stable and in decent health, you’re entering a period of your life with more options and autonomy than you’ve probably ever had in your life. You can start a second career, be the best grandparent ever, travel the world, go back to school or bird-watch on your porch.
The vision is yours to define, and there is no right way to retire. But you’ll know it’s right for you if it aligns with who you truly are and where you want to go.
related content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Alex Kirby, Founder and CEO of Total Family Management, is a forward-thinking leader based in the Washington, D.C.-Baltimore area. He is a firm believer in the pivotal role that family plays in our lives. Under his guidance, TFM offers private virtual family coaching services and cutting-edge proprietary software designed to enhance family dynamics and social fitness. TFM is utilized by premier family offices, wealth firms and private families across the U.S. Throughout his career, Alex has been unwaveringly committed to people development, highlighting his dedication to empowering both individuals and families.
-
Do You Really Need That Wine Cellar?
Home Features Wine cellars are a popular feature in high-end houses. Will installing one in your home increase its value, or would you be better off with a cheaper solution?
-
Think a Repeal of the Estate Tax Wouldn't Affect You? Wrong
The wording of any law that repeals or otherwise changes the federal estate tax could have an impact on all of us. Here's what you need to know, courtesy of an estate planning and tax attorney.
-
Think a Repeal of the Estate Tax Wouldn't Affect You? Wrong
The wording of any law that repeals or otherwise changes the federal estate tax could have an impact on all of us. Here's what you need to know, courtesy of an estate planning and tax attorney.
-
In Your 50s? We Need to Talk About Long-Term Care
Many people don't like thinking about long-term care, but most people will need it. This financial professional recommends planning for these costs as early as possible to avoid stress later.
-
Social Security Pop Quiz: Are You Among the 89% of Americans Who'd Fail?
Shockingly few people have any clue what their Social Security benefits could be. This financial adviser notes it's essential to understand that info and when it might be best to access your benefits.
-
Such Attractive Yields in High-Grade Munis Are Rare and May Not Last Long
According to this munis expert, the last time munis were this cheap was a brief period in 2023. If you kicked yourself for missing out then, you have a second chance now.
-
Financial Analyst Sees a Bright Present for Municipal Bond Investors
High-tax-bracket investors have an excellent opportunity to secure low-volatility, high-quality returns at yield levels rarely seen in over a decade.
-
I'm an Insurance Pro: How Not to Get Dumped by Your Insurance Agent
Your insurance agent or broker might show you the door if you do any of these five things. Being a good customer is about more than paying your bill on time.
-
Two Estate Planning Issues You Should Never Overlook
This estate planning attorney explains why proper asset titling and beneficiary designations make a big difference when it's time to transfer your wealth.
-
The Four D's That Could Force You to Sell Your Business
Business owners (or their heirs) can be rushed into a sale of their company if they haven't planned for a major change in circumstances — or the four D's.