Why we understand that working towards retirement is a goal we all have, it can be hard to conceive of it as a reality. It always seems years ahead, and even when it approaches, we might feel like that date is nowhere near us. We do invest in our retirement throughout the course of our lives, but we rarely aim our work for the purpose of retirement, as that would be silly. This ‘tomorrow’ attitude can easily lead us to forget about preparing the finer points of our retirement, which of course would be a general mistake. There are absolutely reasons as to why someone might want to forget about retirement and focus on the current career goals they have, but when those years approach it pays to have some preparation made.
This article will help you prepare well for retirement, with a sense of peace of mind that should pervade this golden chapter of your life.
Timing
It’s important to know exactly when you can retire. Of course, your job might already have this chiselled out for you, but by and large you will have to pick this date yourself. ‘Can I retire now?’ is a thought that many people have around this time, as it’s not always apparent as to when the decision should be made. If you feel as though your professional capacity is wearing thin, your enjoyment of the job is devolving and you have the funding to retire immediately, then you could consider those three things contributive to your overall final choice. Still, this is a highly individual decision to be made, so be sure you weigh up all of the options. Timing might also rest on:
Social Networks
Of course, if you work abroad, or you are no longer in an area in which your family is close to hand, then you might decide to keep working until relocation efforts are made. When you’re in retirement, it’s easy to become socially isolated, even with a partner by your side. For this reason, making sure you’re near family before you make the decision will fill you with inner peace, knowing that you have the option to visit your relatives whenever you need. If your health deteriorates, you’ll also have the added comfort knowing that help is on the way.
Goals
You need a solid goal of retirement in mind. Of course, this is your time to relax and enjoy the time off you have always wanted, not feeling as if you need to achieve or head to work. However, if you’re directionless, it’s easy to fall into lethargy. It’s important to have a goal in mind to pursue, even if that’s not fully achieved. For example, purchasing a cottage in France and fishing, or running a small and humble B&B to keep you occupied can work wonders in keeping you socially active, healthy and considerate. Make sure you have some hobbies arranged before you lose your life to sitting on the sofa and watching daytime television. Keep activity high, and you will help maintain both your social and physical health.
With these tips, you’re sure to enjoy a fruitful and relaxing retirement.
Yup, so important to keep in mind. My husband is about to retire from the military and then he's going to be working another job. We are preparing for that!
ReplyDeleteWhen you are in your 20's is the time to start planning for retirement. We will be retiring soon. Everything is paid off. We have been planning this for 40 years.
ReplyDeleteOh, I can't wait to retire! My mom is going through this now. She loves working but can retire. Will share this with here.
ReplyDeleteWe would love to retire one day. With the economy the way it is I’m not sure it will ever happen.
ReplyDeleteI don't think I have that this whole retirement thing down yet! I have a long ways to go before I will be retiring but money is always my big worry! I'm hoping when I do get to that point I will have enough to live off of!
ReplyDeleteThese are really helpful tips. I really enjoyed reading this post. I would love to retire one day.
ReplyDeleteI work from home and can't wait to just be done with working and retire myself, but still have a long ways to go! It's really something I think about often but wonder if/when I'll be able to do it if at all.
ReplyDeleteMy mom retired last year and my pops will retire this Summer. I hope to retire at an age where I'm young enough to enjoy some of the fruits of my labor like my parents.
ReplyDeletePlanning your retirement carefully is definitely important and I think these are great pointers for people. It's really nice to move to an area where you have relatives living close by!
ReplyDeleteThe thought of retiring scares me. I wish I knew that we will be able to do it financially, but these days, you never know.
ReplyDeleteI hope I have a smooth retirement. I think most of deserve at least that!
ReplyDeleteThese are really good things to consider when you're retiring. I have been planning for this for so long especially since we don't have kids who can look after us.
ReplyDeleteI'm not young enough to plan for retirement, but not old enough that I have to put as much effort into it outside of saving. However, my parents are in retirement age and wanting them to plan well and be okay is so important to me.
ReplyDeleteThis is fantastic and very helpful. My dad just retired and seems to not know what to do with himself. We've been encouraging him to do all of the things he always wanted to and to stay connected on social media when he travels.
ReplyDeleteIt's so important to plan for retirement. It would be nice to be able to live comfortably and not have to worry about things like expenses all the time.
ReplyDeleteSuch great tips! I will definitely keep this in mind for when it's time for me to retire!
ReplyDeleteIt's very important what you are planning to do and to prepare on time for retirement time. My father is now almost 10 years as senior and he continued to work but another job and he is happy and just waiting for grandchildren. :)
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