{"id":1132,"date":"2024-01-08T00:52:01","date_gmt":"2024-01-08T00:52:01","guid":{"rendered":"https:\/\/www.trinitywealth.com\/?p=1132"},"modified":"2024-03-21T16:22:52","modified_gmt":"2024-03-21T16:22:52","slug":"your-next-big-act-after-retirement-is-waiting-for-you","status":"publish","type":"post","link":"https:\/\/www.trinitywealth.com\/retirement-planning\/your-next-big-act-after-retirement-is-waiting-for-you\/","title":{"rendered":"Your Next Big Act After Retirement is Waiting for You"},"content":{"rendered":"\n<p>Ronald Reagan retired from the silver screen, became a GE spokesman, retired from that job, became Governor of California, retired from that job, then became President.<\/p>\n\n\n\n<p>Bill Gates built the world\u2019s largest software maker, retired from that job, and created the Bill and Melinda Gates Foundation. Today that foundation works to solve a variety of issues, from malaria to a lack of female educational opportunities.<\/p>\n\n\n\n<p>Freddy Simon started \u201cFreddy\u2019s Steakburgers\u201d after\u00a0retiring from his sales job at age 77.<\/p>\n\n\n\n<p>That one restaurant has grown into a nationwide chain of more than 510 stores.<\/p>\n\n\n\n<p>South African Otto Thaning\u00a0swam the English Channel at age 73.<\/p>\n\n\n\n<p>And a meaningful second act isn\u2019t just restricted to people you can find on Google.<\/p>\n\n\n\n<p>Several of our clients have gone on to do completely new and amazing things after retirement, including one client who uses the business and leadership skills he acquired to lead and influence nonprofits in his community.<\/p>\n\n\n\n<p>What do Ronald Reagan, Bill Gates, Freddy Simon, Otto Thaning, and our client mentioned above all have in common?<\/p>\n\n\n\n<p>They refused to believe that life ended after retirement.<\/p>\n\n\n\n<p>That might sound melodramatic, but we see it on a regular basis in our office. People genuinely struggle with the emotional and financial dynamics of retirement.<\/p>\n\n\n\n<p>We talk to clients who:<\/p>\n\n\n\n<ul>\n<li>Struggle to see how the sale of a business or a retirement fund translates into the type of lifestyle they are used to.<\/li>\n\n\n\n<li>Struggle with questions like how long their nest egg will last, and how to continue to be generous or philanthropic without the security of their prior income stream.<\/li>\n\n\n\n<li>Wrestle with the psychological shift from being a business owner or an executive to being \u201cretired.\u201d<\/li>\n<\/ul>\n\n\n\n<p>The last point can be the most difficult. Often our clients can\u2019t get past the idea that retirement is The End\u2014in big, capital letters. The End of their productive life. The End of everything they\u2019ve known. The End of being a leader.<\/p>\n\n\n\n<p><em>Retirement isn\u2019t the end.&nbsp; It\u2019s the beginning of your next big act.<\/em><\/p>\n\n\n\n<p>Retirement is more than just financial math. It can be a tremendous test of our psychological resolve, and of our faith in everything from our financial planning to our purpose here on earth.<\/p>\n\n\n\n<p>Without a doubt, retirement challenges us.<\/p>\n\n\n\n<p>But the end?<\/p>\n\n\n\n<p>Not hardly.<\/p>\n\n\n\n<p>Ask Ronald Reagan if his life ended after he left Hollywood. Ask Freddy Simon if he had no purpose when he left sales and started making hamburgers. Ask Otto Thaning if all was lost when he stopped being a surgeon full-time, and decided to take up swimming.<\/p>\n\n\n\n<p>Retirement isn\u2019t the end.<\/p>\n\n\n\n<p>It\u2019s the beginning of your next big act.<\/p>\n\n\n\n<p>It\u2019s the chance to start a second business, or even become a business owner for the first time. It\u2019s a chance to spend time with your grandchildren, time you may not have had with your children, and in the process experience the infinite reward of spending time with a child you love who isn\u2019t your complete responsibility.<\/p>\n\n\n\n<p>This gives you the freedom to feed them ice cream, wind them up, and send them home without suffering the consequences later.<\/p>\n\n\n\n<p>It\u2019s wonderful.<\/p>\n\n\n\n<p>Retirement gives you the opportunity to live life with the benefit of past experience and wisdom.<\/p>\n\n\n\n<p>Retirement is not the end.<\/p>\n\n\n\n<p>It\u2019s the beginning.<\/p>\n\n\n\n<p>The beginning of your second act.<\/p>\n\n\n\n<p>But retirement is no different than any other strategic challenge you tackled in your career. You need to plan. You need to assess your strengths and weaknesses, and get a sense of the gaps you have to fill. You need to run the numbers and identify the impact of retirement on your lifestyle \u2013 but that\u2019s the easy part. Once that is settled, you can busy yourself with the meaningful work of defining your second act.<\/p>\n\n\n\n<p>And the strategic planning process might seem scary, but it\u2019s exciting. In his book\u00a0<em>Halftime: Changing Your Game Plan from Success to Significance<\/em>, Bob Buford shows us that midlife and retirement are a chance to\u00a0move from success to significance.<\/p>\n\n\n\n<p>Ronald Reagan was a successful actor\u2014and in his second act became a significant world figure.<\/p>\n\n\n\n<p>Freddy Simon was a successful salesman\u2014and in his second act became a significant entrepreneur.<\/p>\n\n\n\n<p>Many of our clients are using the skills they\u2019ve acquired throughout their career to work for causes that matter to them or crafting a philanthropic legacy that will outlive them and engage their heirs.<\/p>\n\n\n\n<p>Now it\u2019s your turn.<\/p>\n\n\n\n<p>You\u2019ve been successful.<\/p>\n\n\n\n<p>Retirement is your opportunity to be significant.<\/p>\n\n\n\n<p>So start planning for significance today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ronald Reagan retired from the silver screen, became a GE spokesman, retired from that job, became Governor of California, retired from that job, then became President. Bill Gates built the world\u2019s largest software maker, retired from that job, and created the Bill and Melinda Gates Foundation. Today that foundation works to solve a variety of [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Your Next Big Act After Retirement is Waiting for You - Trinity Wealth Advisors<\/title>\n<meta name=\"description\" content=\"Retirement is more than just financial math. 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With 40+ years of experience in financial services, he offers his clients actionable plans to help them achieve their goals.","sameAs":["http:\/\/www.trinitywealth.com"],"url":"https:\/\/www.trinitywealth.com\/author\/jim\/"}]}},"_links":{"self":[{"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/posts\/1132"}],"collection":[{"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/comments?post=1132"}],"version-history":[{"count":1,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/posts\/1132\/revisions"}],"predecessor-version":[{"id":1133,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/posts\/1132\/revisions\/1133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/media\/1134"}],"wp:attachment":[{"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/media?parent=1132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/categories?post=1132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trinitywealth.com\/wp-json\/wp\/v2\/tags?post=1132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}