Will You Have a Happy Retirement (Even With Enough Money)?

Before you retire, you should consider three non-financial essentials, such as who you are without your work, what your days will look like and who your friends are.

A group of three retired women laugh together outside.
(Image credit: Getty Images)

Imagine it’s a Saturday evening and you’re headed out to a new restaurant. You’re excited, but of course you won’t know whether you’ll like it until the evening is over. Now, imagine you’re going to the restaurant without knowing whether you have enough money in the bank to pay the bill. That’s the equivalent of retiring without a financial plan that tells you whether you’ll be able to do the things you want to do in retirement without running out of money.

This article assumes that you have already done that exercise. This is all about whether you’ll actually enjoy the restaurant and the overall experience. That is: Will you have a happy retirement? Honestly assessing each of these considerations should help.

Evan T. Beach, CFP®, AWMA®
President, Exit 59 Advisory

After graduating from the University of Delaware and Georgetown University, I pursued a career in financial planning. At age 26, I earned my CERTIFIED FINANCIAL PLANNER™ certification.  I also hold the IRS Enrolled Agent license, which allows for a unique approach to planning that can be beneficial to retirees and those selling their businesses, who are eager to minimize lifetime taxes and maximize income.