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Life Goal Planning


Life Goal Planning
Two-thirds of pre-retirees do not have clearly defined plans for retirement and based on our Life After Teaching Survey, when asked what advice they would give to prospective retirees, the most frequently mentioned advice was to plan your time. True retirement happiness is based not on money but on being able to replace satisfactions, such as friendships, challenge, involvement, achievement, etc., lost from work. Life After Teaching includes our exclusive Life Goal Planning self-help exercises to help replace satisfactions lost from work and to create a retirement that will be worthwhile and enjoyable.

Link Life Goal to Financial Planning
A retirement life goal is defined as personal needs, skills, and desires to be met or satisfied in retirement. In other words, it is a wish list that includes the conditions that will make retirement worthwhile and enjoyable. In relation to a financial plan, a financial plan for retirement starts by establishing a financial goal to determine the cost of retirement. Life Goal Planning also starts by establishing a goal only in this case it is the individual’s Life Goal or personal needs, skills, interests, and desires to be satisfied in retirement. Once established, a life goal plan is the process of identifying retirement activities to achieve a retirement life goal. Both forms of planning work together or overlap as changes in one can influence changes in the other.