Some look forward to the long days of no obligations and copious amounts of relaxation while others might actually dread the thought of no longer having deadlines to meet or clients to take care of.
Regardless of what the situation is, there are a few things to think of when considering retiring. Here are a few thoughtful bits of retirement advice that may make a difference as this wonderful, yet sometime difficult transition approaches.
The first item to look at once retirement is on the horizon is gathering any and all medical information available. Depending on the situation, medical information can vary greatly, but there are many resources that are available to retirees and senior citizens.
It is important to research and understand the many programs that will be available. This is particularly important as most retirees have a fixed income, so programs that are free or reduced cost are particularly nice to have.
However, when looking to these types of health-care-related resources, it is imperative to watch out for fraudulent programs. There are numerous offers and programs that are not real, targeting and victimizing those who are retiring or older. It is always important to ensure the offer is legitimate, either through looking at the Better Business Bureau or reaching out to a credible source.
Whether you’re retiring with a lucrative bonus or small sum, it is important to realize that income in the coming years will be fixed. For many, this is quite a change to deal with, regardless of the type of lifestyle that was customary.
Whether rich or poor, moving to a fixed income can be a challenge, especially in the beginning. It can be difficult to decide whether to spend some of the initial bonus on certain items or saving it for a later date.
When facing retirement, coming up with a budget is a must. Financial planners are great at this sort of thing, and many companies providing a retirement plan might offer this service for free. If this is not part of the retirement package you receive, then reaching out to a government program or professional agency may be necessary.
TIP: make sure that when hiring a professional that the planning is fee-based and not charged by a percentage. This simple difference can save you a ton of money.
When retiring, the daily schedule will change immensely. Regardless of the usual activity, it will be important to establish hobbies that help keep the mind and body active. When retirees establish special hobbies, quality of life is typically going to be better.
When looking to take on a new experience, it is imperative to ensure that the activity will inspire creativity and thought, but not be too challenging. Hobbies are meant to help aid in relaxation while hopefully, keeping activity at a moderately high level. However, they are called “hobbies” because they are not meant to induce stress – so indulge your passions. Take a step back There are many great websites and companies that can help you to decide on the best activity to pursue.
Once retirement is in full force, daily interactions will inevitable decrease. This is where joining a social club can be immensely powerful. Whether looking to a seniors’ center, Lion’s Club, or Rotary Club, just being a part of a social circle can immensely increase the enjoyment of retiring. Being socially active is part of being healthy, just like eating the right diet and exercising is important. One without the other only does part of the job of taking care of oneself. Social or civic clubs offer numerous benefits and activities; from volunteering to just making acquaintances, there is usually something for everyone. Also, with the social interaction decreasing, it is nice to have something to look forward to each week or month. This, again, helps keep the mind and body active, which is important for a retiree.
Retiring brings about more change than most realize. Daily life changes dramatically. Some people decrease activity immensely and some find themselves busier than ever. Regardless of the level that works best for you, remember these important steps. Retiring is about slowing down, not stopping completely.