Power Hack: The No Regrets Retirement Strategy

Power Hack: The No Regrets Retirement Strategy

In this series, we highlight one quick thing you can do each week to improve your personal, career or money life.

Today, we’re featuring the No-Regrets Retirement Plan—a holistic approach to preparing for your golden years that covers both financial and personal goals.

“Wow, I really wish I could feel more anxious about retirement!” ... said no one ever.

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Yet even though no one wants to be worried about saving up enough cash to live on in retirement, most of us are.

And who needs that kind of stress?

No one, says Robert Laura, a self-proclaimed "retirement activist" and author of "Naked Retirement: Living a Happy, Healthy & Connected Retirement." And it's precisely why he's developed a new approach to the to-do: the No-Regrets Retirement Plan.

The basic idea is that, in addition to focusing on the financial aspects of your long-term planning, be sure to also take the time to account for the loved ones and activities you'll want to fill your retirement days with.

“Retirement isn’t just about the money,” Laura says. “No one on their death bed says, ‘Bring me my bank statements! Let me hold my mortgage one more time!'"

Why It’s Worthy of Being Called a Power Hack It gets to the heart of what retirement is all about: figuring out how you'll really live out your golden years.

“Retirement isn’t just about the money,” Laura says. “No one on their death bed says, ‘Bring me my bank statements! Let me hold my mortgage one more time!' "

Rather, we care about experiences—the people we spent time with and the places we went. Case in point: One survey found that 51% of retirees wished they'd focused more on their life goals when it came to retirement planning.

How to Get Hacking Begin by asking yourself that cliché question: What would you do on your last day on earth? Then pose it with a twist: What would you regret not doing, seeing and experiencing?

Brainstorm a list of what's most important to you, write it down, and then put a copy somewhere you'll see every day—be it tucked in your wallet or hanging above your desk at work.

Once you're armed with a visual of what you're working toward, you can reframe your financial strategy to ensure you'll be able to afford those exact things. And you just may find that those big, amorphous financial goals you've been stressing over become a lot less anxiety-provoking.

Plus, Laura says that when you examine what you truly value—that garden you'll tend to or getting lost in a great book on your porch—you may be pleasantly surprised to find that some of your most important dreams require more of your well-earned time than cash.

RELATED: 6 Signs You May Need to Revisit Your Retirement Plan

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