By Blogger Jenny H.
How to Prepare for Retirement
For many, a simple retirement is the ultimate goal: a white picket fence, children and grandchildren who visit occasionally, a garden that you can take pride in. But it always seems so far away. When it starts to creep closer, certain fears can start to take hold, and we forget to see it for the enjoyable experience it is. However, if we start to prepare for it mentally and financially, retirement can be the ultimate reward for years of hard work and perseverance.
Although we would all like to think of ourselves as being happy and healthy well into our golden years, this may sadly not always be the case. Levels of care will vary from person to person, so it is important you know yourself, your strengths and weaknesses, and what exactly it is you need help with.
Assisted living should not be discluded as an option due to the fear of sterile environments and bingo halls. Instead, it should be considered as an option to combat loneliness as well as ensuring physical safety.
Although the idea of having constant room for family is wonderful, a large home can become difficult to manage in later years and could limit some autonomy. It is important to consider buying a smaller home that you can more easily manage in order to keep the independence that is important to so many.
Whether you need to remortgage a current property or create a new one, your age will be a factor for some companies. It would be wise to receive professional help from advisors to ensure you are getting the best possible deal for you.
Pottering around in the garden can be wonderful, though you are somewhat limited by the weather. While this is ideal as a summer activity, what you will do to pass the time during other seasons should be taken into consideration. For some, hobbies become their “new job”. This could be something as simple as collecting pennies, or as complex as buying old, decrepit cars, fixing them up, and selling them on. Whatever you choose to focus on, it is important that you find it enjoyable and that there is no pressure.
The most important thing to remember is that you have worked hard for retirement and it is there for you to enjoy, so always make the most of it.
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