Patriot Wealth - June 2020

FEELING RENEWED AT ANY AGE 2 WAYS TO REVIVE YOUR LIFE THIS SUMMER

TAKE SOME TIME TO FOCUS ON THE PRESENT.

If the mercurial spring weather has prevented you from getting out as much as you would have liked these past few months, you might be feeling a bit of cabin fever about now. Luckily, you can still introduce positive changes to your life that help you feel healthier and younger. Here are two ways to awaken your body and mind.

With this better understanding, you can make choices more aligned with your true interests and personality. Think about getting involved with a new activity you may have always wanted to try but never had the chance, like yoga or even a video game. Trying out new things keeps your brain active. You may even discover a new favorite activity along the way!

Go for a walk and listen to the world around you, feel the fresh air against your skin, fill your lungs, and take in everything you can see. Meditation is also a good way to spend a few minutes to focus on your body in the moment and the things in life that make you happy. Practices like these can help you feel lighter, both physically and emotionally. Growing older doesn’t mean you can’t feel renewed and positive. This isn’t just an impossible idea — it’s a reality.

ADOPT A NEW ACTIVITY.

PAY ATTENTION TO MENTAL HEALTH.

As you get older, it’s not uncommon to drift further from the lifestyle you had in your 20s and 30s. Things have settled down, and you know a bit more about who you are, what you enjoy, and what you’re capable of.

Although more years provide more experience and knowledge, sometimes they also come with heavy baggage. The loss of a loved one, trauma, and other struggles can impact your life in later years. This is why it’s good to practice mindfulness.

LESSONS LEARNED WHAT COVID-19 TAUGHT US ABOUT RETIREMENT

PREPARE NOW, BE THANKFUL LATER: While what you do in retirement is completely up to your discretion, at Patriot Wealth, our goal is to make sure it can happen, regardless of a pandemic or other crisis. Like many planning for or nearing retirement, COVID-19 may have sent you into a panic, and that’s understandable. We may have had to make a few adjustments or offered advice on surviving this storm for a brighter future, but by having a retirement plan and financially saving for retirement, you’re already leagues ahead of your peers. In 2019, CNBC found that 1 in 3 Americans do not have any money saved for retirement, while a 2020 USA Today report found that retirees will spend an average of $1.2 million in retirement. This is a great reminder that all the work and savings you have done, and continue to do, will benefit you when you’re ready to retire. You’re preparing in ways others haven’t and can enjoy the retirement of your dreams.

If we have learned anything from this spring’s COVID-19 pandemic, it’s the value of preparation. And retirement is no different. In fact, as a silver lining, we believe you can take away two big lessons from this pandemic when it comes to your retirement. MAKE A PLAN AND BE FLEXIBLE: Many of us were gifted with a preview of our retirement — without all the perks of going out in public, of course — during our COVID-19 lockdown. As you may have learned, doing nothing all day gets old pretty fast, and while you should be able to go in public during retirement, your daily routine could get stale. The beauty of retirement is that it’s completely up to you to decide how it’s spent. Perhaps, you will travel for a few months or get a few chapters into writing a book before finding you’re ready for something else. You’re allowed to make that shift, and we can support you when you’re ready. Consciously thinking about what you want out of retirement, planning for it, and making adjustments as you age and progress in retirement can ensure a retirement you’ve always dreamed about.

If you’re worried about how COVID-19 will impact your retirement and savings, contact our team today.

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