Life can be busy and as you get older planning for retirement may be the last thing on your mind. But a happy and healthy retirement is important. I know plenty of folk who did not plan their retirement and became depressed and lethargic. They stopped using their brain and as a result, their age caught up with them fast.
I knew that I needed some good retirement planning strategies so I could live life to the fullest while I still could. The first thing I did was work out exactly what I wanted to do during my retirement. I knew I wanted to stay involved in my community and to do some volunteering, but that was not specific enough. What I really wanted to do was to travel. Specifically, I wanted to travel to japan to visit relatives.
To do this, I began to do some financial planning for my retirement. I worked out how much money I was bringing in each month, how much I had in my bank and much I had in my retirement account. I also began to think of non-traditional assets to fund my retirement. I decided that once a week I would go and play piano in the community centre. This was something I had always wanted to try out but was unable to due to my career.
However, planning retirement is not only about finances. Your heath is another incredibly important factor that will determine the success of your retirement. What I did was schedule as many appointments and check ups as possible. I also committed myself to becoming healthy. I started exercising, eating healthy and getting enough sleep. I also committed myself to being mentally sharp with brain games, puzzles and books. Maintaining mental and physical wellbeing is integral to a healthy and happy retirement.
Planning ahead is also a good idea. In the years leading up to my retirement, I began to cut expenses. I ate out less and removed some of my television channels. I even began to grow my own vegetables to meet my retirement financial planning goals!
Now, many years later, I am enjoying my retirement. With the money I saved I have been able to travel not only to japan, but also to china and Indonesia. My advice is to plan ahead! Use these years to have all the fun you missed out on because of your career. It’s the last chance you’ll get!