How to Have a Happier Retirement
The recent economic downturn has left many people approaching retirement feeling concerned about an uncertain future. Low returns on savings, poor performance of the stockmarket and meager pensions and annuity rate shave left many feeling depressed about their retirement. However, there are things you can do to try to improve the quality of your retired life, and ensure that you have a happier retirement.
Retirement Living is About More Than MoneyEdith Wharton once said: “the only way not to think about money is to have a great deal of it”. Money will not necessarily lead you towards a happy retirement, but it will make your quality of life considerably more comfortable.
If you have a few years before your actual retirement, think about the retirement that you would like to live, and work out how much it would take to live the lifestyle you want. A financial checklist - where you add up all your incomings and compare against your outgoings – is a great way to determine how well-off you will be during retirement.
Make Life PlansWhen you have your finances under control, it is also important to plan for the non-financial aspects of your life, but considering what will make you happy during retirement. Now is the time to set down all your ideas, no matter how large or small.
Many people embrace retirement by going travelling, writing a novel, charity work or taking on another job, completely different to their previous career. When making your retirement living plan, consider the things that you will be able to do on an ongoing basis that you think will be rewarding, stimulating and will add structure to your life. Remember that the only limit to your life plans is the limit you set yourself.
Keep Your Mind SharpThe mind is a terrible thing to waste, and one of the saddest aspects of retirement for many people can be a sense of boredom or ennui that can take hold after people finish working for a living. If you feel the need to replace the challenges presented by your old life with some intellectual stimulation, why not try learning a foreign language, lean to play a musical instrument or join a new club or society?
Most local councils run classes in community centres or colleges that encourage retired people to learn new skills or partake in different activities.