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Emotional and Financial Coaching Go Hand in Hand During Retirement

Emotional and Financial Coaching Go Hand in Hand During Retirement

April 22, 2024

Retirement is more than just financial planning. It's about rediscovering your identity and purpose, managing your energy and crafting the next exciting chapter of your life. In our latest podcast episode, we had the pleasure of speaking with Lindsay Troxell, a remarkable coach dedicated to helping consumers receive the full financial and life planning services they need.

Lindsay Troxell, who is not only a coach but also a mentor, offers a unique and insightful perspective on retirement. She focuses on assisting clients with the emotional and personal aspects of retirement, which are often overlooked but equally as important as the financial aspects. As she eloquently puts it, "retirement is not an end, it's a beginning."

Managing Your Energy During Retirement

If you're about to embark on your retirement journey, one of the key takeaways from our conversation is the importance of managing your energy. Retirement is a period of transition, and it's essential to take good care of your physical and mental wellbeing. Identifying and nurturing your passions, and finding new avenues to expend your energy, can greatly enhance your retirement.

The reason that some people have the capacity to do the work and hobbies they love for longer comes down to four things, their:

  • Physical energy
  • Emotional energy
  • Mental energy
  • Spiritual energy

Think of it like a pyramid with physical energy on the bottom and spiritual energy on the top. If you don't protect your physical energy (by eating right, getting a good amount of sleep, etc.), then emotional and mental energy will be harder to manager.

The Importance of Having a Financial Advocate

A strong advisor-client relationship is key to having a financially successful retirement, as well as a fulfilling one. While your advisor should be knowledgeable about numbers, they should also be knowledgeable about your life and dreams. That's where a financial advocate comes in.

A financial advocate can help you:

  • Identify and clarify your goals and values
  • Create a plan that aligns with your unique lifestyle and passions
  • Navigate the emotional ups and downs of this new chapter in life
  • Provide accountability and support throughout the process

Having someone by your side who is dedicated to guiding you towards financial stability and success can provide a sense of security and comfort during this life transition.

Final Thoughts

Retirement is not just about the numbers. It's about finding balance, fulfillment, and purpose in this new phase of life. And while financial planning is crucial, it's essential to also prioritize emotional and personal development during retirement. With the help of a financial advocate, you can create a well-rounded plan for your retirement that encompasses both the financial and emotional aspects. After all, retirement is not an end, but a new beginning. So take the time to invest in yourself and make it the best journey possible.

Catch the full conversation on our podcast, Your Financial Advocate.