Historically, at the age of around 65, people stop working and embark on a new transition in life. In the grand drama of life, retirement is our second act. Out of the office and not bound by daily plans and schedules, you now have the choice to do what you want to do. What is your vision of the ideal retirement? It varies from one person to the other how they are going to spend and enjoy their golden years, but the retired life by itself is beautiful because you can customize your lifestyle.
Individually, we find different means and ways to be happy. Our happiness, for the most part, are influenced by the uniqueness of our tastes and passions as well as personal fears. Personally, do you know what retirement means? The following questions can guide you to a better understanding.
What is your attitude about retirement? How do you feel about moving into a new stage of your life? Are you excited, a bit unsure, or are you nervous? Isn't it nice to envision your future life being free from the need to work, or do you think of yourself as a "reluctant retiree"? What do you think matters most- spending most of your days taking it easy or enjoying your time doing meaningful activities? Think about your "retirement state of mind" so that you and your spouse can better prepare for your retirement years together.
What is your ideal/target age for retirement? Although it formerly was considered to be, 65 is not the perfect age for retirement anymore. Some people retire early because they can glean the luxury of it, but there are those who choose to work for additional years because they feel satisfied with the interaction and challenges they meet at work. Set a target age for your retirement so you can calculate the savings/funds you need to support your retirement lifestyle. It is practical to coordinate your plans with your spouse's too, especially if you prefer to retire at the same time or stagger your individual retirements.
What are your priorities during your retirement? Now, how are you going to begin? Retirement is the span of years when you can have the time to do all the things you want. What exactly are the activities and experiences that you want to do? Make a list. Travelling is especially significant if you want to have a happy retired life. You'll have a lot of time, but plan for your itinerary early on. Prioritize the places that you and your spouse plan to visit. While you're healthy and not-so-preoccupied is a good time to put together your top choices and fully enjoy your adventures.
What are your spouse's retirement plans? Coordinate your vision together. When you retire, you and your spouse will spend more time together. Talk about what it is going to be like when you have more free time to do things as a couple. Your ideas about the scenario of retirement may differ. How are you going to spend your days together? At what pace will you go about living your retired lives? It won't be surprising if you wrap up similar and divergent views about your lifestyle, but put into words and talk about how you foresee your retirement. It is necessary to identify pertinent areas of concern and "problems" and make adjustments ahead of time.
What do you plan to do to have a fulfilling and enjoyable retirement? Pre-retirement, when you were pressed by work and life demands from all sides, you had to put off doing things that you may have always wanted to do. It will be otherwise after your retirement and you can finally make that long list of things you want to experience and actually make happen. Your retirement is a long- term venture that can last 20 years or more. Keep invigorated the "rush" of your retirement freedom. Be clear about what you and your spouse are specifically going to do keep yourself engaged and occupied. Escaping the working world doesn't mean you'll automatically realize and carry on to the "fulfilling" retirement life you've always dreamed of.
What are the essential components you need to identify and understand so you can plan for a meaningful retirement? Plan ahead of time and thoroughly discuss with your spouse and next of kin.