Purpose and satisfaction are inextricably linked when it comes to enjoyment in life. Cultivating purpose, or finding meaning in our life’s journey, is so often connected with community. We need others, and we thrive when we have caring connections with people. Our quality of life at various stages and chapters of our lives are even defined by the communities with which we are engaged.

Maintaining quality of life throughout retirement is a priority for most people. Preparing for the later years of our lives conjures up a range of questions about how we will use our time and how we will get the care we need. These are important considerations. In early June, MarsJewett hosted a “Quality of Life” online seminar with our partners from the Hartford Funds who presented research and information from the MIT AgeLab. The AgeLab at Massachusetts Institute of Technology works to improve quality of life for older people and their caregivers.

Julie Genjac, who is vice president and managing director of applied insights for Hartford Funds presented introspective questions about aging in place. Considering how to live safely and independently, she highlighted practical considerations like transportation to the activities we enjoy, she asked: How will I get an ice cream cone? Most importantly, the presentation provoked deeper thought about purpose, social connections, and shared experiences: Who will I have lunch with?

As we age, many aspects of life begin to change. The volume of activities, commitments, and engagements we undertake lessens. The velocity at which we can carry out tasks and process information reduces. The complexity of decisions and incoming information seems to increase. And the potential of longevity into the early 90s becomes an important planning consideration.

The interesting Quality of Life webinar is available for replay below. A downloadable worksheet is also available. While financial planning may promote enjoyment in retirement, it only goes so far. Purpose planning enables us to make meaning and create the quality of life each of us hopes for in our golden years.

MarsJewett Financial Group is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

 The information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.