This week on the One Minute Retirement Tip podcast, I’m talking about the 3 things you need to get right for a happy, meaningful, and fulfilling retirement. 

What are those 3 things? Money, Health, and the final pillar that I’m talking about today - Relationships. 

And the kind of relationships that bring the most happiness in retirement according to the findings in the study are not with your kids...it’s primarily through social networks. It’s very easy to become socially isolated in retirement and that’s a big reason why many retirees become bored and depressed in retirement and find that it’s not all they hoped it would be. 

When you lose the natural social interactions and friendships that develop in the workplace, you have to become more intentional about cultivating friendships in retirement. Maybe this is spending more time with friends you already have, or making new friends. Retirement allows you to focus more on the things you enjoy doing, so whether you’re into golf, travel, cars, or gardening, try to find ways to enjoy your hobbies with others, or at least make an effort to regularly get coffee or go out to lunch or dinner with friends. 

According to Michael Finke (Fink-a), professor of wealth management at the American College of Financial Services and one of the researchers involved in this study, “The retiree’s job is to invest in the inputs that are actually going to result in the output of greater life satisfaction,”

Cultivating friendships is work. If you’re willing to put in the investment of time it takes, it will lead to more fulfillment and enjoyment in your retirement years. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip podcast. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance