Skip to content
Resources/Planning Best Practices
Subscribe
July 15, 2023

The Importance Of Living A Great Life

Justin Hearty
What does living a great life mean to you? Below we will discuss a different perspective around living a “rich” life and actions you can take to find purpose.

Being on track for retirement can lead to a sense of fulfillment, but ensuring you are living a great life is equally important. In this article, we will discuss key focal points before and during retirement.

Before Retirement

Happiness can come in many forms. Although some may say money leads to happiness, we will look at a different perspective of living a “rich” life.

Making Memories and Spending Time

One of the most valuable assets we have is time. Choosing to spend it with those you love can create a powerful impact. Cultivating the relationships of your choosing allows you to live a great life. While much of life is spent planning for the future, it is very important to be in the present.

Maintain Control of Your Mind

The condition of your life comes largely from the quality of feelings you experience on a daily basis. Negative emotions can detract from your goals and purpose. Maintaining a positive mindset will continue to give your life meaning regardless of the adversities that will arise.

Define Your Own Success

Your definition of success will always be unique. As you progress through life, that definition may change, but be sure to never lose sight of what you want the most.

During Retirement

It may be easy to lose your sense of purpose once you retire. You’ve spent your entire life working to get to this point and may be asking yourself “Now what?”. Below we will discuss a few habits you can implement to maintain a happy retirement.

Maintain Your Personal Health

Studies have shown that exercise paired with a healthy diet can reduce the risk of developing certain health conditions, boost your immune system, increase energy levels and ultimately, improve your mood. Keep in mind, it is never too late to become active and start a wholesome diet. If you find it difficult to stay active, adopting a furry friend comes with many benefits! Taking them for daily walks will improve your overall health.

As far as your mental health goes, be sure to continue learning and training your mind. Challenging your brain helps you stay sharp. It may also help prevent cognitive decline and reduce the risk of dementia.

Takeaway: Keeping your mental, physical and emotional health in check is the key to a successful and great life.

Fostering Social Connections

Social networks tend to decrease once you leave the workforce. This means it is important to find or continue hobbies with people you like in order to boost your overall satisfaction. Furthermore, social isolation has been linked to higher rates of heart disease, strokes, increased risk of dementia and greater chances of depression. These social interactions play a big role in your overall health.

Finding a Clear Sense of Purpose

Many retirees decide to find work even after retiring to maintain a sense of purpose. The key distinction is they do it because they “want to” not “have to”. Another area to find purpose in is volunteer work. Helping people in need offers a large boost in satisfaction as well as purpose.

__________________________________________________________________

Final Thoughts: It is up to you to define your great life. Overall health and mindset will enhance your everyday experiences. Foster relationships, find your purpose and success will follow.

About Strategic

Founded in 1979, Strategic is a leading investment and wealth management firm managing and advising on total client assets of over $2 billion.

Overview

Disclosures

Strategic Financial Services, Inc. is registered with the Securities and Exchange Commission (SEC) as an Investment Advisor. The term “registered” signifies compliance with regulatory requirements and does not imply a certain level of skill or training.

The information provided on our website, including weekly market commentaries, financial planning articles, and other educational resources, is intended solely for educational purposes. It is designed to offer insights into financial planning and investment management, aiming to enhance understanding of financial concepts, strategies, and market trends. This content should not be interpreted as personalized investment advice or a recommendation for any specific strategy, financial planning approach, or investment product. Financial decisions are deeply personal and should be made considering the individual’s specific circumstances, goals, and risk tolerance. We recommend consulting with a professional financial advisor for personalized advice.

Please be aware that Strategic Financial Services, Inc. does not provide legal or tax advice. The content on this website is not intended to be used as such or as a substitute for legal or tax advice from a licensed professional. We advise seeking guidance from qualified legal and tax advisors regarding these matters.
Investment Risks and Portfolio Management.

The discussion of any investments on this website is for illustrative purposes only and provides no guarantee that the advisor will make any investments with the same or similar characteristics as those presented. The investments identified and described herein do not represent all the investments purchased or sold for client accounts. The selection of representative investments to discuss is based on various factors, including recent company news or earnings releases.

It should not be assumed that any investments discussed were or will be profitable. All investments involve risk, including the potential loss of principal. There is no assurance that investments mentioned will remain in client accounts at the time you view this information.

When index returns are mentioned on this site, they are provided as a general indicator of market conditions and are not representative of any client’s portfolio performance. Indices are unmanaged, do not incur management fees, costs, and expenses, and cannot be invested in directly. Therefore, their performance does not reflect the expenses associated with the management of an actual portfolio.

While index returns are used as a framework to report on general market conditions, they should not be construed as an indicator of future performance of any specific investment or portfolio. Discussion of index returns is intended to provide context and insight, not to suggest that clients will achieve similar results. Each client’s portfolio is managed according to their specific investment goals and financial situation.

The opinions and any forward-looking statements expressed in the articles and videos featured in our resource center are as of the date of publication. These statements are based on current laws, regulations, market conditions, and other relevant factors, including third-party data. Given the dynamic nature of financial and regulatory environments, as well as potential changes in market conditions or economic circumstances, the information provided may become outdated or may no longer be accurate.
We rely on third-party data to form our opinions and projections, which means that these are subject to the same uncertainties that affect all data-dependent analyses. As such, we advise readers to exercise caution and not rely solely on the statements made herein for making financial decisions. It is recommended that investors consult with a professional advisor who can help assess the relevance and accuracy of the content in light of the current economic climate and personal financial situation.

Our website contains links to third-party websites as a convenience to our users. Strategic Financial Services, Inc. does not control, endorse, or guarantee the content found on such sites. We are not responsible for the accuracy, legality, or content of the external site or for that of subsequent links.
Contact the external site for answers to questions regarding its content.
The inclusion of any link does not imply our endorsement of the site, nor does it imply any association with its operators. Use of any such linked website is at the user’s own risk.

Related Resources