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KEYS TO A FULFILLING RETIREMENT
Being happily retired is a dream for many. Whether it involves work, leisure, recreation, or a combination of these, a successful retirement varies from one person to the next. However, despite the varying notions of what having a successful retirement means, what you should know is that it is achievable. With some forethought and planning, a happy retirement is absolutely within reach. The key word here is planning . It might not be our favorite thing to think about on a day-to-day basis, but the last thing we need in our lives is a retirement full of struggles and challenges that could have been prevented. That’s why it’s essential to take the time to plan out your retirement years from multiple angles: financial, social, and mental. The most obvious facet of retirement planning may be the financial aspect. Running out of money during one’s retirement years is a common and understandable concern. As a result, even if you don’t like thinking about money or just don’t have an aptitude for finance, it’s still worth your time and effort to devise a financial plan for your retirement. This can be done on your own or with the help of financial software if you have some expertise in this area. But for many of us, financial advisement will be a necessary part of the process. There’s no shame in seeking an expert in such an important area of your life. Even if you do have a level of expertise in finance, there might be possibilities that you haven’t fully considered — possibilities that an expert in the field can help you understand.
Social considerations are no less important for retirees. If you’re only considering the financial aspects and neglecting your social life, it will be difficult to have a happy, well-rounded retirement. Choosing a living space in a community of like-minded individuals is one way to address the social facet of retirement life. Perhaps a religious affiliation or joining a club, group, or sport can provide some necessary social interaction. If this is not feasible, then computer and phone technology can help to fill the gaps in your social life. Additionally, although this consideration is sometimes neglected, care for one’s mental health is important throughout retirement years. Aging in a healthy way generally means staying active and exercising your mind on a daily basis. If you have completed your work-related responsibilities, perhaps some hobbies or volunteer opportunities can keep your mind active. Reading and writing are also excellent activities that retirees can use to keep the mind active and healthy. When there are mental issues that cannot be dealt with alone, it is also a good idea to seek assistance from a mental health professional. There’s absolutely no shame in asking for help from an expert in this area. Being and staying happily retired doesn’t just have to be a dream; it can also be a reality. Thinking ahead, planning appropriately, and staying active are all ingredients for success for a retirement that is satisfying and enjoyable.
Investment Advisory Services offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Patriot Wealth and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.
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