8,000 Days of Retirement: How to Help Prepare Clients for the Four Phases of Retirement
We are pleased to announce that our final evening meeting of the fall season will be held virtually via Zoom on Wednesday, December 1, from 4:00 p.m. to 5:00 p.m (including presentation and networking). Our guest speaker will be Thomas Barrett, Director of the Applied Insights Team for Hartford Funds, on the topic of 8,000 Days of Retirement: How to Help Prepare Clients for the Four Phases of Retirement.
With today’s rising lifespans, we could be facing roughly 20 or more years in retirement, which is approximately 8,000 days. Once thought of this way, it becomes clearer that retirement is not an end, but rather a new, complex, and unknown phase of life, during which so much could happen.
It’s often asked, “What will you do on Day One of your retirement?” Most clients have a clear image of Day One. Maybe even Day 1,001. But few can imagine 8,000 days of golf, and even fewer have a vision of what they will be doing on any given day—such as Day 4,567. But getting started on the right foot can be crucial.
Instead of planning for ‘retirement’ as a single state, it may be beneficial to reframe the conversation to reflect a four-phased concept of retirement. Each is characterized by the tasks and issues individuals are most likely to be managing. The four retirement phases enable a clear vision to plan and to anticipate what is likely to come.
- The Honeymoon Phase
- The Big Decision Phase
- The Navigating Longevity Phase
- The Solo Journey Phase
This presentation will help you anticipate what clients will face in retirement—whether that’s Day 362 or Day 3,459.
Please click on the document link below for speaker bio and registration details for members and guests. Note, registration deadline is Monday, November 29th..
