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What Are You Retiring To?

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<!– {"name":"Weekly Investment Blog","type":"layout","children":[{"type":"section","props":{"style":"default","width":"default","vertical_align":"middle","title_position":"top-left","title_rotation":"left","title_breakpoint":"xl","image_position":"center-center"},"children":[{"type":"row","children":[{"type":"column","props":{"image_position":"center-center","media_overlay_gradient":""},"children":[{"type":"image","props":{"margin":"default","image_svg_color":"emphasis","image_alt":"The silhouette of a couple walking their dog as they face the sunset with text, \"What Will You Retire To?\""},"source":{"query":{"name":"posts.singlePost"},"props":{"image":{"filters":{"search":""},"name":"featuredImage.url"}}}}]}]}]},{"name":"Blog Content","type":"section","props":{"style":"default","width":"default","vertical_align":"middle","title_position":"top-left","title_rotation":"left","title_breakpoint":"xl","image_position":"center-center","padding":"large","padding_remove_bottom":false,"animation_delay":false},"children":[{"name":"","type":"row","props":{"layout":"1-3,2-3","vertical_align":false},"children":[{"name":"","type":"column","props":{"image_position":"center-center","media_overlay_gradient":"","width_small":"1-3"},"children":[{"type":"image","props":{"margin":"default","image_svg_color":"emphasis","image":"wp-content\/uploads\/2020\/06\/Trans_Blue-Crown.png"}},{"name":"","type":"headline","props":{"title_element":"h2","title_decoration":"bullet","title_style":"h3"},"source":{"query":{"name":"posts.singlePost"},"props":{"content":{"filters":{"search":"","date":""},"name":"date"}}}},{"name":"","type":"headline","props":{"title_element":"h2","title_decoration":"bullet","title_style":"h3"},"source":{"query":{"name":"posts.singlePost"},"props":{"content":{"filters":{"search":""},"name":"author.name"}}}},{"type":"list","props":{"show_image":false,"show_link":true,"image_svg_color":"emphasis","image_align":"left","image_vertical_align":true,"list_size":"","list_element":"ul","column_breakpoint":"m"},"children":[{"type":"list_item","props":{"content":"

Categories”}},{“type”:”list_item”,”source”:{“query”:{“name”:”categories.customCategories”,”arguments”:{“id”:0,”offset”:0,”limit”:10,”order”:”term_order”,”order_direction”:”ASC”}},”props”:{“content”:{“name”:”name”,”filters”:{“search”:””}},”link”:{“name”:”link”,”filters”:{“search”:””}}}}}],”name”:”Blog Category List”}]},{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_small”:”2-3″},”children”:[{“type”:”headline”,”props”:{“title_element”:”h1″,”content”:”

What Are You Retiring To?”},”source”:{“query”:{“name”:””},”props”:{“_condition”:{“filters”:{“condition”:”!!”},”name”:”title”}}}},{“name”:””,”type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Endless rounds of golf, plenty of time to pursue your favorite hobby, evening walks on the beach, vacations to dream destinations\u2014when we think of retirement, we often picture a life stage of leisure and happiness.\n

There\u2019s certainly nothing wrong with well-deserved rest after a successful career to spend more time on hobbies and activities post-retirement. However, many people think of retirement as complete freedom: doing whatever you want, whenever you want. Even though retirement can feel that way during the honeymoon phase, at some point, a lifestyle based solely on entertainment and leisure doesn\u2019t satisfy.\n

At OneAscent, our greatest desire is to help you live well and finish well. We want your retirement years to be fulfilling, purpose-driven, and impactful, and we believe it starts with a simple shift in mindset.\n

\u201cRetiring to\u201d instead of \u201cretiring from\u201d\n

Our culture has depicted retirement as an artificial finish line. Many people focus on reaching the end of their career with no thought as to how they\u2019ll spend their retirement time, where they\u2019ll find purpose, and what passions they\u2019ll pursue after retirement. They focus on retiring from their vocational years, but they don\u2019t have a plan for what they\u2019re retiring to. What if retirement isn\u2019t about what you\u2019ve left, but instead about where you\u2019re going?\n

Retiring isn\u2019t a finish line; it\u2019s simply a step into your next phase of life. Embracing a \u201cretiring to\u201d mindset instead of a \u201cretiring from\u201d mindset allows you to consider what your next role is in life and ensures a purpose-driven retirement.\n

How to \u201cretire to\u201d\n

A new, purpose-driven phase of life after the end of your vocational career doesn\u2019t happen on accident\u2014it requires intentional planning and decision-making. OneAscent advisors give guidance in several key areas of your retirement planning.\n

Purpose and productivity\n

In retirement planning, we help you move from a life cycle of saving and accumulating to properly distributing your assets and income based on your specific goals and desires. OneAscent advisors personally walk with you through the thought process of how you\u2019ll find purpose and productivity in retirement. We help you discover what it is you want to \u201cretire to\u201d by exploring where you want to dedicate your time, talent, and treasure in order to serve others and leave a lasting legacy.”},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/sites\/20\/2021\/03\/OA-Banner-1.png”,”link”:”https:\/\/oneascentwealth.com\/purpose-of-business-ebook\/”,”link_target”:”blank”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Necessary resources\n

One of the biggest misconceptions about retirement is that your retirement lifestyle will cost much less than your lifestyle during your working years. While some costs may be reduced and\/or eliminated, they\u2019re often replaced by other things like travel, more time for hobbies, increased medical costs, and other expenses. Additionally, it can be hard to think through how your cash flow will change after your paycheck stops.\n

OneAscent advisors help you determine how to \u201crecreate your paycheck\u201d and live off your assets in the most tax-efficient manner. We look at your take-home pay and how much you typically spend on your lifestyle to create a distribution strategy for retirement. For example, let\u2019s say your family needs $7k a month of household take-home pay for your lifestyle, and after retirement, you\u2019ll receive $4k monthly in Social Security payments. This leaves a gap of $3k per month. We help you design a tax-efficient distribution strategy that gives you the money you need on a monthly basis and mitigates the risk of spending down your assets during your lifetime.\n

How much is enough?\n

Another common misconception about retirement is that you can save enough money to make you feel content and completely secure. The reality, though, is there is no amount of money that will give contentment or complete security. Contentment comes from being satisfied with what you already have.\n

OneAscent advisors help you answer the question, \u201cHow much is enough?\u201d In other words, we help you think through:\n

\n
• \u201cAm I content with what I have right now?\u201d\n
• \u201cDo I behave as a steward of my possessions by holding them with an open hand?\u201d\n
• \u201cIf I\u2019m in a position where I have more than enough, how might I be called to deploy that money elsewhere to charitable causes, family giving, or other areas?\u201d\n\n
  

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  We want to help you live out your values with purpose and leave a lasting impact. When you know what you\u2019re \u201cretiring to,\u201d you\u2019re empowered to live well and finish well. Contact us today to schedule a consultation and learn more.”}},{“type”:”button”,”props”:{“grid_column_gap”:”small”,”grid_row_gap”:”small”,”margin”:”default”},”children”:[{“type”:”button_item”,”props”:{“button_style”:”primary”,”icon_align”:”left”,”link”:”https:\/\/oneascentwealth.com\/contact-us\/”,”content”:”Schedule a Consultation”,”link_title”:”Schedule a Consultation”,”link_target”:”blank”}}]},{“type”:”html”,”props”:{“content”:”

  “}}]}]}]},{“name”:”Disclaimer”,”type”:”section”,”props”:{“style”:”muted”,”width”:”default”,”vertical_align”:”middle”,”title_position”:”top-left”,”title_rotation”:”left”,”title_breakpoint”:”xl”,”image_position”:”center-center”,”animation_delay”:false},”children”:[{“name”:””,”type”:”row”,”props”:{“column_gap”:”large”,”row_gap”:”large”},”children”:[{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_medium”:”1-1″},”children”:[{“name”:””,”type”:”text”,”props”:{“margin”:””,”column_breakpoint”:”m”,”content”:”

  Past performance may not be representative of future results. \u202fAll investments are subject to loss.\u202f Forecasts regarding the market or economy are subject to a wide range of possible outcomes. \u202fThe views presented in this market update may prove to be inaccurate for a variety of factors.\u202f These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data. \u202fPlease contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.\u202f\u202f\u00a0″,”text_align”:”left”,”text_size”:”small”,”text_color”:”muted”}}]}]}]}],”version”:”2.2.2″} –>