When you get to a certain age, you start to think about the big ‘R’ word. Yes, retirement is never far from people's minds as they enter their late fifties. Some people get excited by the thought of retiring; others wince and wish it wasn’t going to happen. But, retirement is going to happen whether you like it or not! It’s something you should prepare yourself for, to make sure you have a happy life moving forward. I find that there are three main questions you should ask yourself as you get ready to retire.
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Do You Have Enough Money to Retire?
The main concern with retirement is how you will be able to afford it. Do you have the money to fund your retirement years? It’s important you’re thinking about this, years in advance. You want to have a pension set up, so you’re guaranteed to have some money built up over time. It would also be a good idea to start saving some of your own money too. It will be a bit of a shock to you when you retire and realise you won’t be earning money anymore. So, you have to have all your finances in check to ensure you have a healthy amount to live on.
Are You Ready For Retirement?
Many people struggle with retirement because they don’t feel as though they’re ready for it. They don’t want to stop working; they enjoy what they do. I’ve got two bits of advice for you here. One, you don’t have to fully retire. You can always be self-employed for a while if you still want to work. Two, don’t feel as though retirement is the end of the world. Look at all the positives that come with it. You’ve spent your whole life at work; now you can kick back and relax. You’ll be able to spend more time with the people that matter. You can see your kids and grandkids more, become a lot more involved in their lives. Thinking about the positives can get you prepared and ready for retirement.
Where Will You Live?
For a lot of people approaching retirement, there’s a big question of where they’ll live. Some people prefer to sell their home and look for a retirement village that offers independent living. When you’re retired, it can be a lot better if you live amongst other retirees. You’ll be living in a community that understands you and can relate to a lot you’ve been through. Plus, it can be better for your health and give you a chance at a more relaxing life. Don’t think that it’s the same as a retirement home, because it’s not. A retirement village lets you have your own house and live as independently as you want. Plus, a lot of them are in nice places with nice weather and a scenic backdrop. It’s a good option to consider, and will offer your grandkids some new scenery when they come and visit!
Don’t be put off by the thought of retirement; it can be a real blessing! Make sure you’re fully prepared so that, when the time comes, you’re ready to retire with minimal fuss.
Life as a grandma.. it's no 'quiet, restful days in the rocking-chair'. It's filled with activity, excitement and lots of family fun. Please share it with me.