Don't Gamble With Your Retirement: 5 Tips For Success
What do most people believe to be the secret ingredient for a successful retirement? Money!
Retirement is a complex process that extends far beyond one’s bank account. People tend to spend years reviewing their investments, examining their retirement savings, and figuring out how much money they will need to make their retirement a success. And then, when they’ve reached that magic number, they retire.
But are they happy? Are they really prepared for retirement?
An internet review of retirement discovers many articles similar to Retirement Planner, which are valuable. However, retirement is much more than just having enough money. It involves the emotional, social and physical aspects of one’s life.
People are living longer in retirement than ever before, thanks to improvement in healthcare. The following tips will help you avoid gambling away the opportunity to ensure a successful retirement:
1. Do not underestimate the impact of retirement on your marriage. The adjustment to a couple’s lifestyle is similar to that of newlyweds. Some wives have been heard to say, “I married him for breakfast and dinner, not for lunch.” Issues of privacy, household responsibilities, and role changes need to be openly discussed.
2. Do not underestimate the importance that work had in your life. Instead, plan for the change from having schedules that are directed by others to having no schedule unless directed by you. Plan for moving away from an identity tied to a hierarchy in the work place to an undefined role in retirement.
3. Recognize that retirement is not an everlasting vacation. You’re retiring from your job, not your life. After a period of time, you will need to find a new sense of purpose in life. You need to find happiness in emotionally satisfying relationships, mental stimulation, and meaningful activities.Continued on the next page