The One Word Retirement Plan

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office by Scott Dougan

If you could choose just a single descriptor for what you’d like for the next 30 years of your life, what would it be?

For some, flexibility may be the word, for others, family. Here are words that may strike a chord with you:

  • Flexibility
  • Family
  • Faithfulness
  • Activity
  • Travel
  • Peacefulness
  • Contentment
  • Regret-Free (does a hyphen qualify it as one word?)
  • Growth
  • Healthy
  • Community
  • Volunteerism

While it may be that a single word just doesn’t encapsulate all that you’d like your retirement to be, do you see how this exercise can help to narrow down, or eliminate, what isn’t the best word? From this, you can establish goals and set decision frameworks around the experiences you’d like to create.

Perhaps it’s idealistic to think that a decades-long retirement can be built upon a single word, but the process of trying to arrive at that word is the most valuable benefit from this exercise. The process requires thought, conversation, and reflection. The process involves becoming clearer about who you are, what you’d like to become, and what might result if you actually met your lifestyle goals. Those seem to be worthy endeavors to me, but how about you? Can you choose a word upon which you’ll build your life?

Will you try?

Investment Advisory Services offered through Elevated Capital Advisors, LLC. An SEC Registered Investment Advisor.

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