In this episode of the Baird Retirement Management podcast, we dive into the first lesson from Christine Benz's insightful book, How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement. This chapter, featuring Michael Fink, PhD, a professor of wealth management, focuses on the often-overlooked but critical process of visualizing and operationalizing your in-retirement lifestyle. We explore why retirement isn't just about finances—it's about creating a purpose-driven and fulfilling life. From developing the "skill of leisure" and maintaining structure in your daily schedule to investing in your health and relationships, Michael shares thought-provoking insights that challenge traditional ideas about retirement. He also highlights the inevitability of cognitive and physical decline and how recognizing this reality can help us better prepare for later stages of life. Join us as we discuss why financial planning is just the starting point and how crafting a meaningful vision for your day-to-day life is essential for long-term satisfaction. Along the way, we'll touch on Michael's tips for maintaining social connections, the importance of preparing for life's transitions, and why working with professionals is an act of love for your family. Whether you're planning for retirement, already retired, or supporting a loved one through the process, this episode offers actionable advice to help you build the life you want to live. Key Topics Covered: Why retirement is more than just a "long weekend" The importance of structure, purpose, and leisure skills Investing in your health and relationships ahead of retirement Preparing for cognitive and physical changes in later years How to navigate the transition from work to retirement with purpose Tune in for this deep dive into retirement as more than a financial goal but a vision for a fulfilling and joyful life.

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