Tips for Finding Fulfillment in Retirement

Andrew Weber is a senior director of Planning Philosophy, Research and Guidance at Northwestern Mutual.

The transition into retirement marks a big milestone. After working and saving for years, you will enter an era that’s all about reclaiming your time and drawing on your nest egg for income. But it isn’t uncommon for retirees to get to the career finish line and think, “OK, now what?”

That’s perfectly understandable, especially if you’re used to getting dressed and going to work every day. There’s also the financial shift: In retirement, as you’ll be moving out of saving mode and into a spending mentality. Once you’re confident that your finances are in good shape, pursuing your passions, connecting with others, and prioritizing your well-being can help you enjoy a fulfilling retirement.

What challenges do people entering retirement face?

Retired life can feel like a shock to the system. You may have more free time than you know what to do with, and you might also feel untethered from your routine. Below are some life adjustments you may experience after leaving the workplace. Knowing how to recognize and move through them can help support you in finding fulfillment in retirement.

1. You may feel cut off from your social circle

Working often provides built-in opportunities to socialize and connect, which is one reason why retirement can feel so jarring. You might be used to seeing work friends every day or collaborating with colleagues. Similarly, friends who retire may choose to travel more often, relocate or become “snowbirds.” That can also create a sense of distance in your relationships.

Staying socially engaged is one of the most important keys to a fulfilling retirement. Research published by the Journal of the American Medical Association found a link between increased isolation and greater risks of mortality, dementia and disability in older adults. Here are some ways to keep your relationships going strong in retirement:

• Look for ways to participate in local community events and sync up with friends, both old and new.
• Think about the hobbies you enjoy most and see if there are any clubs or groups you can join.
• Check out your local YMCA or community center for group activities for retirees.
• Consider volunteering.

Use technology and social media to stay connected with friends and family who don’t live close by.

2. You may feel a lack of purpose

A large part of your identity may have been rooted in your work, especially if you spent decades building your career. When you retire, you might feel like you’re sailing without a rudder. The good news is that you can tap into your passions at any stage of life—and retirement can actually be an ideal time to do just that. The following questions can help strengthen your sense of purpose in retirement:

1. What’s something you’ve always wanted to do but never had time for during your working years? That could be anything from writing poetry to restoring an old car.
2. Is there anything you feel interested in learning? You could explore online courses or in-person classes.
3. What are some ways you can give back to your community? Perhaps you feel drawn to tutoring children or getting more involved in non-profit organizations that are meaningful to you.
4. Are there any passion projects you want to bring to life? That might involve consulting, mentoring an up-and-comer in your former industry, or starting a side business. Picking up a part-time job in your community can also be fulfilling, and you’ll be earning extra retirement income.

3. You may experience some physical health limitations

Taking care of your body can help you do more of the things you love in retirement—whether that’s playing pickleball with friends or taking your grandkids to the playground. You can prioritize your well-being by:

• Keeping up with routine checkups and doctor’s visits
• Staying on top of medical screenings
• Addressing health concerns as soon as they pop up
• Moving your body and staying physically engaged
• Eating nutritious food
• Practicing mindfulness and tending to your mental health

Health problems could throw a wrench in your retirement plans. On top of the emotional toll, long-term care can also drain your savings.

How you can plan now for a fulfilling retirement later

It’s never too early to start planning for a fulfilling retirement. The first step is to clarify what you want this time to look like. That might include frequent travel, spending more time with family or relocating to a condo on the beach. Your vision for retirement can help you build a plan for what you want to do, and what you’ll need to pay for it.

How working with an advisor can give you an advantage

No matter your retirement vision, your Northwestern Mutual advisor can help you map out a plan to get there and work towards ensuring your golden years are financially stable. That includes maximizing your savings and drawing on your retirement income in the most efficient way possible—so you can concentrate on enjoying this phase of your life.

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP^®, CERTIFIED FINANCIAL PLANNER^®, and CFP^® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.