With changes in lifestyle after you retire, you could be spending more money related to health, recreation, your home, and your hobbies after retirement. Your cost of living after retirement may increase as well.
As previously mentioned, your medical costs will increase post retirement, and you’ll need to budget for this expense accordingly. (more…)
The most obvious thing that happens when people retire (or retire early) is that they give up earning a living. However, when people quit working, they give up a lot more than their pay check, and frequently it is the loss of these other things which causes the most difficulty. (more…)
The first thing to be successful in filling retirement time is people recognize is that leisure time in retirement does not mean inactivity. Leisure is not idleness, although some time is set aside for total relaxation and meditation. Leisure, in a practical sense, is being able to choose among a variety of pleasures, such as those enjoyable exciting activities. (more…)
What is play? Believe it or not, retiring baby boomers have forgotten how to play. Learning how to play again is an important part of building a meaningful retirement.
For people who came of age during the summer of love and are referred to as the ‘me’ generation, it’s hard to admit they’ve forgotten how to play and enjoying retirement leisure activities and hobbies.
Somewhere after college keggers and the quest to stay young, (more…)
Life shifts after we retired. This is the time for someone to be free from necessities to go working for living, raising family, and some activities that we dislike to do. But this is can be also a time of boredom, uselessness, and slowing your life’s pace. Either way, the way we feel or behave after we retire is much more depend on what retirement activities and hobbies we want to do on that particular time. (more…)
Experts have identified six key issues that are important when facing retirement. They are: wealth, health, relationships, contribution, meaning, and happiness, and the three most commonly linked are contribution, meaning and happiness. It doesn’t make sense that a person who is vital, active and productive one day, will be content to do nothing but play the next. As we look to the future, most of us crave a balance between leisure activities, relationships and making a contribution. (more…)
Life changes after we retire. This is the time for some to be free from mustiness to work for earning a living, raising family, and some routines that we hate to do. But this is can be a time of boredom, uselessness, capitulation and slowing your life’s pace. Either way, the way we will likely fell or behave after we retire is much more depend on what activities we want to do on that particular time. (more…)
Planning for retirement can be boiled down to 2 part simple equation: it is all about managing income (inflows) during your working or earning days and managing expenses (outflows) during your retirement days. Different people will have different opinion regarding retirement, that’s natural. But rather than a static state, retirement is a dynamical state, changing with life events, financial events, and even your own education as you learn more about concepts and products. (more…)
Retirees have experience, knowledge, and skills that society needs. They constitute a giant reservoir of ability and talent. But finding the right retirement part time jobs is not always easy. It is estimated that for every two retirees who work retirement part time jobs, at least one more person would like to work. With Plan B, you have some choices. For example, you can continue to use skills you already possess or learn to do something fresh and different. Here are some ideas or area to consider: (more…)
While retirement might seem like a long way off for someone, ready or not, eventually it will be right around the corner. With a firmer fix on where your money is going and how much of it might be diverted to savings, you can get serious about building your saving for retirement nest egg. Once you are willing to make small sacrifice, and stick to your retirement financial planning, everything is under way and you are better at it. Your goal now is to live not only within your means but be persistent to save for retirement. Here are 9 (more…)