Preparing for a Long and Happy Retirement
Non-eligible designated beneficiaries have 10 years to draw down inherited qualified retirement accounts; here, we explore ways to extend the life of that wealth.
1. Nurture your relationships. Stay connected to the people who matter to you most; for example, by establishing weekly game nights with friends.
2. Focus on physical and mental health. Keep up with your regular wellness appointments, stay active and get plenty of good sleep.
3. Get your finances in order. If you need to clarify your retirement income stream, do that now with the help of your financial advisor.
4. Take up a new hobby. Learn how to paint, speak a new language or play an instrument, or audit a college class.
5. Give back. Volunteer, donate money or contribute to your community in another way. Giving makes the world a better place for everyone.
