Living Richly in Retirement
Different standards apply to different people with regard to the idea of living richly. Feelings of fulfilment are unique to each and every one of us. The standards which formulate an individual’s ideal plan for retirement can be seen through four basic areas of life, namely finances, relationships, leisure and goals.
Your finances during retirement sets the tone as to how you will live as other aspects of your life might depend heavily on it. Everyone wants to flourish financially in all stages of life, but just on different levels. While many want more money than what they know what to do with, others are content with enough to live comfortably. Either way, you need financial stability. The key to living richly in retirement is preparation. Your financial decisions today should ensure that you prosper when you retire. Smart financial steps to take upon preparing for retirement is to settle debt as quickly as possible while refraining from making unnecessary debt. Also start a personal retirement plan as early in your career as possible and open various investment plans and savings accounts.
Although living richly is not always in relation to money, being financially secure during retirement does create opportunities in achieving your life goals. Living out your life dreams and goals is part of enjoying a life of fulfilment. You need retirement goals as something to plan and look forward to when the time comes. Without goals you would be working for survival instead of satisfying your unique purpose in life. Your goals for retirement should be treated like any other goal. Create a plan or strategy of how you would go about achieving it and then work towards fulfilling that dream.
Working full time leaves little to no time for leisurely activities. Once you retire you have the luxury of time to indulge in all the activities that you missed out on. Retirement relieves you of some responsibilities such as committing to working 5 to 6 days a week and needing to support your family as the children would be all grown up and off to make a life for themselves. This leaves you with the opportunity to spend your days mostly doing things you want to do instead of always doing what you have to. According to your means you may want to enjoy extensive holidays abroad, invest your time and energy in sport or a hobby that was and still is of great interest to you - any activity that appeals to you can now be done. This is all part of living the good life during retirement.
Building and maintaining relationships are most important, especially during retirement. No matter how successful you are in life, it seems pointless without companionship – whether it’s a spouse, relatives or friends. In this day and age where the average life expectancy is at 61 years, reaching retirement and getting to live it up is an achievement on its own. Make this achievement worthwhile by surrounding yourself with those who you hold dear to your heart as often as possible.
Life is a gift and should be treated as such regardless of who you are, what you have achieved and where you find yourself in life. Therefore cherishing and making the best out of the time you have while using all that you got with people who you appreciate, in essence, is a true way to live richly in retirement.