HCR Wealth Advisors is a registered investment advisory firm that deals with investments and wealth management. The HCR Wealth Advisors team has described a process called “new retirement.” In their definition, new retirement is the process from employment to unemployment, now taking into effect all of the aspects of retirement beyond monetary. Things such as loss of identity and habitual schedule are topics HCR Wealth Advisors addresses in the new retirement plan. The firm addresses the process of adjustment ranging from personal to family life. The new retirement plan helps with health and aging.
HCR Wealth Advisors says retiring is usually voluntary and generally greatly anticipated amongst most nine-to-five workers. The firm states that if one does not take proper precautions and preparations, retirement can become depressing and lead to poor health. Experiencing feelings of inadequacy are vastly common for those who are not prepared for retirement.
According to HCR Wealth Advisors, most people take 15 to 20 years to financially plan for retirement. The vast majority of those people do not think critically about the psychological and emotional consequences of retirement.
HCR Wealth Advisors says their “New Retirement” program helps clients make choices regarding other aspects of retirement. They assist their clientele on the effects of retirement and how to manage their health and assets.
HCR Wealth Advisors includes some facts regarding retirement in the program. It is estimated that at least 10,000 individuals are retiring on a daily basis. The firm states that retirement has influence on all aspects of life, not just financial.
According to HCR Wealth Advisors, there are multiple elements that should be accounted for when planning for retirement. Some of which include change and transition, career and work benefits, relationship dynamics, and leisure and living. In terms of change and transition, HCR Wealth Advisors says that retirement always means change. The firm says transition is a physiological process. In terms of career and work benefits, one shouldn’t stop working and improving just because they are retired.
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