So you’re all set to retire, and you’re dreaming of days spent doing the things you love but have never had the time to do before.
Retirement can bring some of the best years of your life, but it does take some careful planning to make the most of it.
Where you live has a big impact on your lifestyle, throughout your entire life, and this is especially true of your retirement years. The size of your home needs to be a good match, and many retirees choose to downsize their homes to save on maintenance and costs.
These days, a popular option is moving to a retirement living village. This has lots of lifestyle benefits for the over 55s, as the homes have been designed with retirees in mind, plus, they are situated in a thriving community of like-minded people.
Now that you no longer have to spend 8 hours a day at work, think about how you are going to fill that time during retirement. Don’t fall into the trap of just taking it as it comes –this may work for a little while, but your retirement may last 20 years or more. The happiest retirees are those who have a routine of some sort which includes activities they enjoy on a regular basis.
Retirement living villages often have organised activities on site, and also provide you with a community of fellow retirees to engage with on regular basis.
3) Social Life
Retirement is a great time to get social and enjoy yourself. Whether it’s through organised activities, or more casual get-togethers, there are millions of ways to get amongst it with your peers.
Without the social interactions that work brings to your life, retirement can be lonely. Make the effort to interact with others and have fun. One of the biggest benefits of living in a retirement community is that you become part of a thriving social scene of over 55s, so you’ll always have a packed calendar if you choose to!
Now that you’re not at work, you’ll have more time to spend with your family – and for many retirees this means lots of fun with your grandchildren. Being close to your family is an important factor in deciding where you’ll live during retirement.
If you don’t live nearby, make plans to visit your family regularly – or invite them to come see you. When choosing a property to retire in, make sure your new home can accommodate your visiting family. This is especially true if you’re moving to a retirement village or community, as many homes are small – and be sure to check that the village allows visitors to stay over.
As you get older, you need to watch your health more than ever. Having an active lifestyle contributes to good health, so be sure to include some form of exercise in your daily routine. From walking, to swimming, there’s an activity to suit every age and ability.
Being close to doctors and medical facilities should be a key consideration when choosing the location of your retirement home. Village Lifestyle Park in Traralgon is located right next door to Latrobe Regional Hospital which provides emergency care, plus, a wide range of specialised services.
Successful financial planning for retirement can be tricky, as it’s hard to know how much you’ll need to enjoy the lifestyle you want. It’s a good idea to speak to a financial advisor early on, as they can guide you and help put together a plan of action.
For many, choosing the right house to retire in is a crucial decision that has a massive impact on your financial state. More and more over 55s are choosing to downsize and live in a retirement community, as this leaves less money tied up in the home, and more available to enjoy life now. But be sure to check the contract carefully, as some villages charge incoming, ongoing and exit fees, and this can quickly eat away at any potential savings.
You’ve worked hard all your life, and now it’s time to enjoy a well-earned break. While keeping active is essential for both your state of mind and your health, slowing down and relaxing is equally important.
Many retirees choose to move away from the hustle and bustle of the city, to a quieter country setting. The slower pace and natural surroundings of regional locations are ideal and provide retirees with the chance to enjoy nature and unwind.
Plan for Your Retirement
So if you’re close to retiring, take some time out to consider how your days will look once your working life is over. Life will be very different, but if you put yourself in the right place, with the right people, you’ll be able to relax and enjoy life as a retiree for many happy years to come.