Mike and Judy share their dream retirement lifestyle, while Kevin Lyles outlines 4 pillars for a balanced life. Also, Roger discusses his imperfect journey and purchases in Colorado. The episode covers aligning financial decisions with personal values, transitioning careers, planning for a fulfilling retirement, and exploring retirement locations.
Planning for retirement involves considering diverse desires like healthcare, travel, and leisure activities.
A balanced retirement life requires engaging in contributions, well-being, connections, and leisure activities.
Reflective decision-making in retirement includes learning from past mistakes and finding a balance between present enjoyment and future security.
Deep dives
Mike and Judy Share Retirement Lifestyle Goals
Mike and Judy discuss their ideal retirement lifestyle goals in an ongoing case study, emphasizing the evolving nature of retirement planning. They articulate their desires for retirement, contemplating factors like healthcare, travel, and leisure activities.
Creating Passion and Purpose in Retirement
Kevin Lyles introduces the concept of the four pillars essential for a balanced retirement life: contributions, well-being, connections, and leisure. He underscores the significance of finding a mix of activities that provide fulfillment, stressing that purpose and meaning in retirement can be achieved by engaging in diverse aspects of life.
Balancing Four Key Pillars for a Fulfilling Retirement
The discussion explores the need for a holistic approach to retirement planning, balancing contributions, well-being, connections, and leisure activities. By regularly engaging with these pillars, individuals can cultivate a sense of purpose and fulfilment in retirement, fostering a well-rounded and meaningful lifestyle.
Roger's Journey to Relocating to Colorado
Roger's journey to relocating to Colorado began with his fondness for the outdoors and the desire to live a more active lifestyle in a less congested area. The decision was influenced by his and his wife Shawna's love for hiking and outdoor activities, contrasting the hot and humid climate of their current residence. Shawna's health condition further emphasized the benefits of living in Colorado, where she felt healthier and happier. The couple's decision-making process involved considering both immediate happiness and long-term financial stewardship, leading to the choice of purchasing a townhome in Colorado.
Balancing Agility in Decision-Making
Roger's approach to decision-making throughout the relocation process was reflective of an agile mindset. He acknowledged past financial missteps but highlighted the importance of debriefing and learning from mistakes. By seeking outside perspectives and assessing risks, Roger found a balance between living well in the present and securing a stable future. His narrative underscored the iterative nature of life choices, where calculated risks and occasional losses contribute to personal growth and a deeper understanding of financial stewardship.
We all have our own dreams for retirement and today, Mike and Judy share theirs.
On this episode of Retirement Answer Man, you’ll hear Mike and Judy describe their ideal retirement, then in the Rock Life segment, Kevin Lyles will lay out the 4 pillars for a balanced life.
As a bonus, you’ll hear Mark Ross interview me about my imperfect journey and the purchases we’ve made in Colorado. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT MIKE AND JUDY WANT IN RETIREMENT
[2:42] Their values
[7:27] Their base great life
[15:56] Their wants
ROCK LIFE WITH KEVIN LYLES
[30:33] 4 pillars for a balanced retirement
TODAY’S SMART SPRINT SEGMENT
[41:35] Think about your ideal retirement
MY COLORADO UPDATE WITH MARK ROSS
[42:40] Where did the Colorado idea begin?
[49:50] How did Roger get to this next step?
[54:47] How they ended up with two lots in Colorado
[58:14] What are the plans now
[1:03:28] How he’s reflecting on what he’s learned
