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What Does Retirement Mean To You?

06 Mar

By: Colleen Weber

News and Updates

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By Colleen Weber, CFP®, CPA

What do you think of when you hear the word retirement? Spending your days on a golf course? Sleeping in as late as you want? Flying down to Arizona for the winter? Doing absolutely nothing for the first time in your adult life?

For many, retirement conjures up images of lazy days, no responsibilities, and no schedule. While some eagerly strive for that, others equate that to having no purpose.

If the idea of having nothing to do does not appeal to you, let me suggest a new definition for retirement. Retirement doesn’t mean not working. Retirement simply means financial freedom.

Retirement is the season of life where you have the freedom to make decisions without having finances dictate your choices. Having this perspective will open many doors for you if you want to stay active. Here are some possibilities you may not have thought of.

Work Your Dream Job

I’m not talking about the kind of job that most young college graduates dream of, where you have power, money, and influence. I’m talking about the job where you have always said, “I’d love to do that, but there’s no way it could pay the bills.”

This kind of dream job could be working as Santa over the holidays, becoming a park ranger, working in a craft store, or being a dog walker. When you are financially independent, as in retirement, low pay doesn’t have to keep you from taking on a job that you love.


Not everything worth doing generates a paycheck, but that doesn’t matter once you’re retired. Instead of spending long hours doing crossword puzzles, you may find more enjoyment in giving back to your community.

Whether you volunteer by reading to children at your neighborhood elementary school, feeding the animals at the local humane society, mentoring young adults coming out of the foster care system, or serving in your family’s church, the opportunities to volunteer are practically endless.

Devote Yourself To Family

If you ever felt guilty about spending long hours at work instead of with your family, now is the time to make that right. Retirement is the perfect opportunity to invest your time into the younger generations of your family.

Do you have grandchildren in daycare or after-school care programs? Do you think they would be better off with a grandparent than a stranger? Now you have the ability to make that happen! Even if it is only one day a week, your grandchildren will be forever impacted by the time you spend pouring into their young lives.


Did you ever dream of finishing that degree you started or going to law school? Well, now is the time! You have room in your schedule and you won’t even have to pay as much as you would have when you were younger. Many states, including Minnesota, offer free or reduced higher-education tuition for seniors.

Also, studies have shown that the more you work your brain as you age, the longer it lasts. Cognitively active seniors with an average age of 80 are 2.6 times less likely to develop Alzheimer’s or dementia than those with less cognitive activity. (1) That’s another great reason to go back to school!

Experience Entrepreneurship

There is a strong correlation between age and successful entrepreneurship, and the numbers are in your favor. Middle-age and older entrepreneurs experience much higher success rates than the younger ones. I guess your hard-earned life experience really does count for something! So, instead of seeing retirement as the end of your working life, it can be a rebirth where this time now you are the boss.

How I Can Help

Whatever your dream retirement consists of, whether it’s entrepreneurship, grandchildren, or golf, I can help you get there. For over a decade I have been helping people like you successfully invest for retirement and then transition from wage earners to living off of their savings. If you want an experienced financial guide through these critical years of your life, call me at (952) 470-0750 or book a free introductory meeting online.

About Colleen

Colleen Weber is a fee-only financial advisor, CERTIFIED FINANCIAL PLANNER™ professional, and CPA with more than 15 years of financial planning experience. Providing comprehensive financial planning and wealth management, she specializes in serving clients nearing retirement, retirees, busy professionals, and women. She is passionate about developing financial plans that save clients on taxes, and investment strategies that help them pursue their goals. Learn more about Colleen by connecting with her on LinkedIn or booking a complimentary phone call meeting.


(1) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3439198/