Tips For A Healthy Retirement
After retirement, not only your physical health, but also your mental and emotional health are important. While some people have a post-retirement plan in place for a long time, others find themselves floundering without a sense of purpose in a job. However, this can really be the golden age, as it is sometimes called, and following the steps below can help make it possible.
You don’t need to plan for the next decades of your life, but you will get more out of retirement if you don’t have to worry about things like money and health care. You might want to make or update an estate plan, and you might want to take a look at your assets and see if you want to make any changes. If you have a life insurance policy, you may want to consider selling it if you no longer have dependents who would need the product. You can consult a guide on Everything You Need to Know About Lifetime Settlements to learn more about this option to increase your cash reserves after retirement. You may also want to determine if you want to purchase long term care insurance and what your health care options are.
Your physical well-being
It’s difficult to generalize about the physical well-being of a group, and as retirement approaches you may continue to be very active or have limitations. What is important is that you have a plan in place, working with your doctor, that will allow you to continue to take care of yourself with any of these limitations in mind.
Your intellectual well-being
There are many misconceptions about the intellectual abilities of the elderly. The truth is, people in their 70s, 80s, and even 90s get college degrees, run businesses, write books, and either keep doing the things they’ve always loved or discovering new interests. You might want to ask yourself if you really want to retire. You might want to cut back on your hours or jump into a new activity, but reaching a certain age doesn’t mean you have to stop or even slow down if you don’t want to. Don’t feel pressured or constrained by the expectations of others. Think about what kind of intellectual stimulation you will need to continue to be happy after retirement and look for it.
Your emotional well-being
While retirement can be a wonderful time, it can also come with many challenges, and you may want to think ahead about how you are going to handle those challenges. For example, how are you going to handle this if your children assume that you will now be a babysitter for your grandchildren on call, but are planning to travel the world or take on a busy volunteer position? Your family may feel neglected and you might feel guilty, but it’s important to take the necessary steps to make this time in your life fulfilling for you. Another potential area of conflict with the family is the degree of independence you will have as you get older. Communication can be essential in negotiating the expectations of those close to you for what you hope to do in the years to come.