3 Priceless Pieces of Retirement Wisdom Lake Point Advisory Group

You’ve worked the majority of your life and deserve to have many blissful years ahead. With a proper plan and execution strategy in place, you should be on track to accomplish your retirement goals and dreams. But while working on your finances, take time to consider these three priceless pieces of retirement wisdom.

The first bit of wisdom is to try not to “check out” of society in retirement. Retirement is a time to relax, but relaxing shouldn’t mean that you stop everything. A body in motion stays in motion. Use this time to increase your involvement in your community and the lives of others, or do something you love. By doing this, you can meet and make more friends, discover hobbies that you never knew you’d enjoy, and keep yourself engaged, active, and busy.

The second is that your wisdom is priceless. So, why not try and find an opportunity to mentor someone younger? Whether it’s someone at work, a grandchild, or someone random, spending time with a younger person can be a great way to utilize your wisdom, feel useful, and have fun. Your mentee will benefit from your time, knowledge, and experiences, and mentorship can be a rewarding way to spend some of your free time.  Your mentee may even engage in reverse mentorship and offer knowledge in areas that you wish you knew more about.

And the third piece of wisdom is to resist the urge not to spend money to leave more behind for heirs. It is possible to pass money on to your children without feeling broke in retirement. Your children would likely rather see you enjoy your retirement than not spend any of your hard-earned savings. A happy medium between saving and spending can make all parties better off.

We can help you plan with your retirement goals in mind at Click HERE to sign up for a complimentary financial review to start the conversation with us.


NOTICE: Lake Point Wealth Management, LLC (“LPWM”) is an SEC-registered investment adviser. Insurance products and other services are offered through our affiliate, Lake Point Advisory Group, LLC (“LPAG”, and collectively with LPWM, “Lake Point” or “we”). Registration does not imply a certain level of skill or training. Additional information about Lake Point is available on the SEC’s website at www.adviserinfo.sec.gov.This material is provided for informational purposes and is not an offer to sell or a solicitation of an offer to buy an interest in any security. Such an offer may only be made at the time a qualified offeree receives a confidential private offering memorandum or other appropriate disclosure. This report is intended as a summary; it does not purport to be complete. Information contained herein is believed to be accurate and/or derived from sources which we believe to be reliable; however we do not warrant the completeness or accuracy of such information. Opinions expressed herein do not necessarily reflect those of Lake Point, its subsidiaries, or affiliates. You should not construe this presentation or any other communication received in connection with Lake Point as legal, accounting, tax, investment, or other advice. You should consult with your own counsel and advisors regarding such matters. Past performance is not necessarily indicative of future results. No representation is made that any investment will or is likely to achieve the same or similar results in the future.