Pre-Retirement Checklist: 5 Things You Should Do
When the date of your retirement approaches, you need to begin your preparations. This is very similar to getting ready to go to school, university or to get married. It is a big change in your lifestyle and you need to have some ideas on how you want it to look like.
Think about your activities and potential hobbies you’d like to take up. You will have all this free time to do everything you ever wanted. Use it well and make a rough retirement plan just so you can adjust to the new lifestyle more easily.
Preparing for Retirement Emotionally
Given that retiring is a huge step in life, it goes without saying that this takes a certain amount of emotional adjustment. You need to be in touch with your feelings throughout the process and eventually come to terms with the fact that you won’t be working anymore.
Prepare yourself to start a new adventure called retirement. This will not happen overnight, however, so you should start dealing with your emotions before it actually happens.
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Another field where you should be prepared is your financials. Most people have a savings account either for rainy days or for when they retire. Calculate your monthly income as a retired person and try to anticipate your expenses in order to get the idea of how much money you’ll be able to spend on a monthly basis. Here are some retirement financial planning tips.
If you don’t need your savings for the lifestyle you want, you can keep saving or use the money to fulfill a desire of having a beach house, a boat or getting some very nice presents for your family members.
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Many people decide to change their residence once they retire. This happens for various reasons. Of course, some like to stay in their houses or apartments, while others tend to move in with their families in order to help raise their grandchildren and socialize with other family members more easily.
However, if you’re used to having your own privacy or you have a different reason for not to want any of the possibilities mentioned, you should know that more and more people are opting for popular over 50s resorts that offer amazing living conditions and entertainment options.
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Since you’re soon-to-be-retired, you should think about how you’d like to use all the free time you’ll have, which is a lot. If you have a hobby or you’ve been dreaming about learning how to play an instrument, joining a choir or start hitting the gym you should try it out.
Some people like traveling, and some don’t want to give up working so they volunteer for their local community. If you don’t know where to start, join a community of retired people in your area and check out what they have to offer. They are usually very active, so you’ll have a chance to do many different things and even make friends in the process.
Transition to Retirement Changes
All in all, retirement is a big step in one’s life and should not be taken for granted. Yes, it happens to everyone, but each individual takes some time to adapt to the new situation. Talk to your older friends who are already retired and ask them to share their experience with you and tell you how they dealt with the transition. Learn from others and eventually choose what you think suits you best.
Some people realize they want to postpone retirement when they start thinking about it seriously, while others realize that is exactly what they need at that moment. Take your time to decide what it is that you want to do.
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