When people think about retirement, they usually focus on money—how much to save, how to invest, and how to make sure they can live comfortably. But financial expert Alvin Ubaldo says that retirement planning should be about more than just money.

He believes many people feel unhappy after retiring, not because they don’t have enough money, but because they didn’t plan for the emotional and lifestyle changes that come with it.

Here are some important things to think about when planning for retirement—besides your bank account.

Think About Your Purpose After Work

Alvin says one of the biggest challenges in retirement is losing your sense of purpose. For many people, their job gives them meaning. After retiring, they often feel lost or unsure about what to do next.

“You’re not just leaving a job—you’re leaving a big part of your identity,” Alvin says.

That’s why it’s important to plan what you’ll do with your time. You could volunteer, take up a hobby, help your community, or start a small business. The goal is to do something that keeps you active and gives you a reason to wake up each day.

Good Health Matters More Than a Big Bank Account

Having lots of money doesn’t mean much if your health is poor. Alvin says many people forget to plan for their health during retirement.

“You can’t enjoy retirement if you’re always sick or in pain,” he explains.

He suggests building healthy habits before and during retirement—like eating well, staying active, and getting regular check-ups. It’s also smart to understand your health insurance and think about long-term care in case you need help later in life.

Stay Connected with Others

Retirement can sometimes lead to loneliness. You’re no longer around coworkers every day, and friends may be busy or far away.

Alvin says it’s very important to stay socially active. “Humans need connection,” he says.

Make time for friends, join local clubs, volunteer, or attend community events. You can even take classes or join online groups. Staying connected helps you feel happier and less alone.

Create a Daily Routine

It might sound fun to have no schedule at all, but too much free time can lead to boredom or even depression.

“Having a routine gives your day structure and balance,” Alvin says.

Try to plan your days with a mix of activities—like exercise, hobbies, errands, and time with loved ones. You don’t need a strict schedule, but having a rhythm to your days will help you feel more in control and focused.

Be Ready for Emotional Changes

Retirement is a big life change, and it can bring up a lot of emotions—both good and bad. Some people feel excited at first, but later feel sad, anxious, or unsure of their new role in life.

Alvin Ubaldo recommends talking with your partner or family about what retirement will look like. “It’s a change for them, too,” he says.

If needed, consider speaking with a counselor or retirement coach. Preparing for these emotional changes can make the transition smoother.

Know What Retirement Means to You

Everyone has a different idea of retirement. For some, it means relaxing. For others, it’s a chance to explore new things or even keep working part-time.

“Retirement is not the end—it’s the start of a new chapter,” Alvin says.

Take time to think about what you really want. Where do you want to live? What kind of lifestyle do you want? What will make you happy? These answers should help guide both your money and life choices.

Final Thoughts

Retirement planning is not just about having enough money. It’s also about preparing your mind, body, and heart for a new way of living.

Alvin Ubaldo reminds us, “You’re not just planning how to survive—you’re planning how to live well.”

Alvin Ubaldo Explains Why Retirement Planning Isn’t Just About Money