Set an Investment Plan to Lead a Comfortable Retired Life
Retirement is one of the most important life events many of us will ever experience and hence requires a proper planning. Although it might seem to be many years ahead, but what you do today will determine how smoothly you handle a happy retirement.
While the idea of taking the ever needed break from your work seems very relieving, but how would you utilise the time available. Thus retirement planning is important from both personal and financial perspective, realizing a comfortable retirement is an extensive process that takes sensible planning and years of persistence.
Retirement is the period of social adjustment where many elderly people struggle. They suffer from boredom, lack of purpose and motivation. Dreaming about your retirement is the first step; planning and working towards your retirement goals is what will actually lead you to happy retirement. Plan your retirement by answering these questions:
How will you keep yourself engaged to fill up your time during retirement?
The initial days of retirement are very exciting when you jot down the things to do, plan your bucket list which may include travelling to new places and more. There are no more Monday blues. You enjoy your free time with your family. What next? What do you plan to do with the 2,000 hours per year which you would otherwise spend working? If you live for 20-25 years, that’s a lot of free time. One of the biggest struggle for the retirees is boredom and it is very common among new retirees.
So how do you plan to remain productive and active during your retirement life? Do you want to pursue your hobbies? Or start a blog? Or maybe do some voluntary work. You can lay a background few years before you foresee your actual retirement.
An active retirement is definitely much more fun than just sitting ideal and bored. You may discover more opportunities and make use of your creativity.
Where would you live after retirement?
You must have dreams about your happy retirement day. Where do you vision yourself staying? In the suburbs, away from the hustle-bustle of the city, or near your close relatives, spending time with your family. Selling your old home and buying a new place may not be the wisest decision, you need to plan the costs involved and make decision accordingly.
Where do you see your spouse in the retirement picture?
It is possible that you and your partner may not have similar picture of retirement. You both need to discuss on the following question to have a clearer idea:
- Where would stay after retirement?
- Will you stay close to family members?
- Do you want to stay separate or with your children?
- Do you want to work part-time?
- How much time are you willing to spend with your grandchildren?
You and your partner may find startling differences, but an open communication and some compromise will make you both stay happy during retirement years.Conclusion:
Your family and financial situation will not remain same when you retire. Retirement planning beforehand will ease your life during old age and result into happy retirement.