January 16, 2025
Allworth financial advisor Lynda Tu explores how retirees can shift from saving to thriving by embracing purpose, intentional spending, connection, and preparation in their next chapter.
For years, you’ve been diligently saving and planning for retirement—watching your nest egg grow, making smart financial choices, and ensuring you’ll be comfortable when the time comes. Now, as you step into retirement, the question changes from "How much do I need to save?" to "What am I saving for?"
Retirement isn’t just about financial security; it’s about living with intention and purpose. It’s your chance to pivot from a lifetime of working and saving to truly thriving. But how do you shift from the familiar grind of building wealth to the unfamiliar landscape of spending it wisely and finding fulfillment?
Here are some ideas to help you make that transition with confidence and purpose.
Thriving in retirement looks different for everyone. For some, it might mean traveling the world or picking up a hobby they’ve always wanted to pursue. For others, it’s about deepening relationships with family or giving back to the community.
Start by asking yourself these questions:
Don’t feel like you have to have all the answers right away. Purpose evolves, and it’s okay to explore what thriving means for you as you go.
After decades of saving, spending can feel uncomfortable—even when you know you’ve planned well. But thriving in retirement means shifting your mindset from scarcity to abundance. It’s time to enjoy the fruits of your labor while staying intentional about how you spend.
Here’s how to get started:
Remember, spending in retirement isn’t “wasting” your money—it’s living the life you worked so hard to build.
Studies show that retirees who feel socially connected and engaged report higher levels of happiness and health. Here are some ideas to consider:
Contribution doesn’t have to be grand or time-consuming. Even small acts of kindness can bring a profound sense of purpose.
Retirement is the perfect time to embrace lifelong learning and explore new interests. Staying physically and mentally active is not only good for your health—it also keeps life exciting.
Consider these ways to stay engaged:
By staying curious and adventurous, you’ll keep life fresh and full of possibilities.
Make sure to:
With the right preparation, you can weather any curveballs that come your way and stay focused on what matters most.
Retirement is a time to celebrate everything you’ve worked so hard to achieve. It’s your chance to move from saving to thriving—to spend your days doing what you love and creating a life that feels meaningful and fulfilling.
If you’re ready to make the most of this exciting phase, I’d love to help you create a financial plan that supports your goals and dreams. Let’s work together to turn your vision of thriving in retirement into a reality.
After my family left Vietnam, to start from scratch in America, my parents were very conscientious about what they spent money on. However, they always prioritized helping my brother and me, while putting their own needs on the back burner. In their unspoken gestures of sacrifice and giving to others, I discovered my own sense of what it means to serve others. A commitment that I continue to hold close to my heart, as I work to help my clients regain their time, feel well cared for, and ultimately experience the peace of mind they deserve.
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