Retirement Weekly: You should have a purpose in retirement, too

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People spend many hours planning for retirement, fretting over whether to put money into a 401(k) or a Roth IRA, debating whether to buy an annuity or calculating a payout strategy to make sure they don’t run out of money.

But they probably spend far less time thinking about what they want to accomplish in retirement. Yes, accomplish. To many people retirement is the absence of purpose and goals. With their career over and the kids presumably gone (if they had kids), it’s a time to relax and enjoy life free of pressure and responsibility.

Nothing wrong with that. But retirement is changing. People are living and working longer, either full or part time (if their employers let them). The old model of ending your career and then sitting in a hammock or playing golf for the rest of your life doesn’t work for a lot of people anymore.

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