RL081 – Beyond Money: How To Build A Happier Retirement

Today on the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson talk about side-hustles in retirement. They go through the exciting things people do in retirement, money-making activities for people in all stages of retirement, and the process of settling on retirement hobbies. Listen now to learn Beyond Money: How to build a happier retirement.

[01:40] Adrian’s Hobbies and His Plans for Retirement

[06:01] Creative Things People Do in Retirement

[14:01] Erik, Adrian, and Roshan Go Through Some of the Exciting Things Their Clients Do While in Retirement

[20:00] How Couples with Different Personalities Pursue Hobbies Together and Separately

[21:10] Side-Hustles in Retirement

[30:05] Finding Passions and Settling on Hobbies Through Trial and Error

[35:50] Resources for People Looking for Inspiration

To read the Full Show Notes scroll down or click here.

Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905

Listen now to learn Beyond Money: How to build a happier retirement.

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Full Show Notes:

What To Do in Retirement

Retirees don’t live a boring life, contrary to popular opinion. And they certainly don’t live a static life. Nowadays, you’re more likely to find retirees backpacking in Europe than in an isolated farmhouse somewhere. Not that there’s anything wrong with living in a farmhouse because some people just crave the quiet of the countryside. Nevertheless, retirement is a time to make the rules and adapt to them as you see fit. If you’ve been dreaming of taking a trip to the Caribbean, why wait? You now have more options for how to spend your time, and you certainly don’t have to settle on just one hobby or pursuit, especially now that Americans are living longer than ever before.

Side Hustles in Retirement

If you browse through the internet, you’ll see pages upon pages of side hustles for stay-at-home moms, college students, athletes, and all those other types of particular groups of people. But have you ever asked yourself what people in retirement do to earn that extra cash? Retirement does not mean sitting around and watching the days go by without little to no excitement. It also doesn’t mean completely giving up on earning an income. People in retirement can add that much-needed spark in their life and earn a few dollars while doing it. But there is a problem. Most side-hustles are centered around the youth and their ability to work at odd hours or perform labor-intensive acts.

Fortunately, not all side hustles require youth since some people are willing to pay for the years of accumulated experience. Nonetheless, when choosing a side hustle in retirement, ensure it’s something you’re passionate about, and it doesn’t disrupt your retirement. And if you’re looking for some inspiration, try several things that interest you and do them consistently. You could go to websites like Upwork, Fiverr, or Older & Bolder and see what other retirees are doing. Some of the things you’re likely to see other people doing are: dog walking, teaching ESL online, consulting and coaching, local tour guides, and Uber/Lyft Driver.

Listen now to learn Beyond Money: How to build a happier retirement.

Disclaimer Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions consult a professional. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it’s licensed under a Creative Commons license.

Thank you for listening.

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