Our Wealth Advisory professionals work with clients to fulfill their financial needs. From offering comprehensive financial and retirement planning to administering complex trusts, we are your 1st Source. But wealth is about more than money. Understanding your dreams for the future is important to us. As you plan for retirement, consider these topics:

  1. Find your passion. Don’t assume you will figure out what to do with your time. Learn what lights your fire. Golf is great when you play weekly. Will it still be fun if you do it every day? What do you really want to do with your life after the working years?
  2. Test your dream living situation. Planning to move closer close to family? Rent a place near them and see if it works for you (and them). If another location is desirable, plan vacations there now during different seasons of the year to ensure you will be happy there year-round.
  3. Help others. This is an excellent way to share your time and talents with others but can also provide you with immense happiness by giving you a purpose. If not careful, the freedom that comes with retirement can lead to boredom, depression, and relationship stress. That can be especially true for people whose identity was closely tied to their careers. Purpose is what gets people out of bed in the morning. Become a mentor, join a team of people packing food boxes, use your business acumen to raise funds for an organization that shares your passion. Get started now to build a foundation that will transition to your retirement.
  4. Know someone that is retired and loving it? Spend time with them now to find out their secret to a happy retirement. Does it align with your ideas for retirement? They may even share a few mistakes that you can avoid in your own plan.
  5. Practice living on your retirement income. Not only will you save more for your golden years, but you will also gain the confidence that you can do it!

1st Source can help you plan for the retirement of your dreams (financial and non-financial). Contact us today to schedule a complimentary retirement planning consultation.

Not Insured by FDIC or Any Other Government Agency, Not Bank Guaranteed, Not Bank Deposits or Other Obligations, May Lose Value