Patriot Wealth - September 2019



PHONE | 919.322.4113




If we could boil down all we’ve learned while working with retirees over the last several decades into one lesson, it’s this: The transition from the 40-hour (or more) workweek to retirement is a lot easier said than done. If a person hasn’t quite reached the point in life where they need to start making plans for retirement, then there’s no way to fully understand the emotional complexities associated with the process. It’s something you have to experience firsthand. When you’ve been participating in the prototypical American work structure for the last several decades, the notion of leaving that routine cold turkey can leave you feeling more than uncertain about your future. While plenty of retirees feel excited about the prospect of no longer having to punch the time clock, many still fear the loss of their routine. Without that work structure, many worry about their finances or their health, or wonder how they will spend their free time. It’s almost akin to finding a new life purpose, especially in the U.S. where we are known as a country full of people who live to work. While these fears are a normal part of the transition into retirement, in our experience working with clients, we’ve found the only effective antidote is proper planning. When we meet with

clients who are in the planning process, we spend ample time discussing their values and how they like to spend their time, in addition to looking into their finances. Do they like to take road trips to visit grandchildren? Do they like to travel abroad? Do they like to play golf on the weekends? To us, knowing the answers to these questions is necessary in order to build a values-based financial plan that amalgamates the way clients wish to spend their time with a retirement plan that will last. Dan and Debbie are a couple we worked with recently to determine their values-based financial After both of them spent decades in the workforce, they were thrust into the exciting (and frightening) transition into retirement. After sitting down with Dan and Debbie to discuss their values and hopes for retirement, they shared the story of how they came to terms with the upcoming life change by taking a trip to the mountains. As you can see from the photo provided, they reached the summit of Mount Mitchell, the highest peak east of the Mississippi River. There, they took a gigantic rock and threw it down the mountainside. To Dan and Debbie, this rock represented the plan and who graciously gave us permission to share their story.

stress, long hours, and rigid routine associated with working. By releasing this rock off the edge of Mount Mitchell, they were symbolically letting go of the previous chapter of their lives and embracing a new start. To us, it seems the perfect acknowledgment of the retirement transition in a physical way. By sharing Dan and Debbie’s story with you, we hope that it brings you some solace knowing that if you are experiencing some uncertainties about retirement, you are not alone. And, while we fully support the rock hurling method, be sure to mimic Dan and Debbie’s approach fully by setting aside time to build a retirement plan that incorporates your values. The prospect of retirement is certainly an exciting one, but it’s also a big change, and we want to help you make the most of it. –Wes White, Rick White, & Austin Kobilka

Investment Advisory Services is offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Patriot Wealth and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

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