The Benefits of a Retirement Community and How to Find Your Purpose in Retirement

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 20 August 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meet Joe Sullivan, who found the first few years of retirement very difficult. Community is important to Joe, but he wasn't getting sufficient, routine social interaction to make meaningful connections while living in rural Virginia. He found his groove once he moved to a retirement community in Florida. James and Joe discuss the phases of retirement and what those phases have looked like for Joe. Joe emphasizes the importance of remaining flexible and trying new things as retirees explore w...

Transcript

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0:00.0	My guest on today's episode, Ready for Retirement is Joe. Joe opens up about how the first
0:04.3	year and a half of retirement were challenging as he felt very lost. He tells us about how he
0:08.9	moved to a retirement community, and that's made all the difference in how much he's enjoyed it.
0:13.1	Then finally, he shares his tips for what he's done to feel purpose and the things that he
0:17.5	has done to make the most out of his retirement. It's all coming up next on today's episode of Ready for Retirement.
0:25.1	This is another episode of Ready for Retirement.
0:27.6	I'm your host, James Cannell, and I'm here to teach you how to get the most of the life with your money.
0:31.9	And now, on to the episode.
0:35.2	Today on the Ready for Retirement podcast, I have guest Joseph Sullivan. And usually on this
0:39.7	podcast, we're talking about financial things. But the name of this podcast is ready for
0:43.7	retirement. And sometimes being ready for retirement isn't just about getting the financials
0:47.9	right. So this is the beginning of a new series where we're actually going to talk to real people
0:51.6	who have actually retired and get their feedback of what worked, what didn't, and maybe what they could do or what they would do
0:58.2	do if they could go back and do it again. So Joseph, really appreciate you being guest number one
1:02.6	here on this new format of the Ready Retirement Podcast. Thanks for being here. Thanks for having me, James.
1:07.6	Excited for today. And like I said, there's so much financial information out there. And there's
1:11.9	financial information is about act strategies and how much do you need to retire and what should you
1:16.5	do for health insurance and all that stuff is incredibly important. But if you don't also have
1:21.0	the psychological plan in place or life plan in place, understand what do you want retirement to look
1:25.1	like? I think sometimes people go into retirement not fully understanding that there is more beyond the finances. And so really excited to have
1:32.2	this conversation. And if you don't mind, Joseph, just kicking us off, where are you from and when
1:36.8	did you retire? Or what did you do for work and when did you retire? I spent a group in Pittsburgh,
	...

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