Here are 5 things happy retirees do really well — perfect them now to live the good life in your golden years.
Even if you love your career, you may be spending more time than you’re willing to admit to daydreaming about retirement.
And whether you’re diligent about your savings goals or feel behind themPreparing for retirement is not just a financial endeavor.
Many retirees who have successfully made the transition to their after-work world share certain habits and strategies that help them live the good life today and plan for a great life. equally great tomorrow.
These rituals and habits can lead to happy retirement. But more importantly, if you develop them early enough, you can enhance your quality of life at every stage of your life.
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Plan to work, work with a plan
Happy retirees typically spend most of their careers actively laying the financial foundation for their retirement. Careful consideration of investment strategyDiligent and regular savings and other planning have helped them navigate a comfortable and financially independent life.
It’s no surprise that many people don’t flip that switch as soon as they leave the workforce. That routine of planning and getting ready is forever useful, whether it’s remixing their portfolio and tweaking the minimum distributions needed or mapping the ideal European vacation.
This age-agnostic practice can also prove invaluable when health problems or other sudden changes arise that require a backup plan.
Check your money
Whether you’re 10 years away from retirement or on your doorstep, you may want to put your assets under cruise control.
Many young investors today choose target date mutual fund act as a sort of autopilot portfolio, minimizing risk the closer they get to retirement age. Likewise, many retirees choose strategies that emphasize conservative returns to protect their capital against market volatility.
Both moves have their merits, because they promote a risk-free, intervention-free savings approach.
But young or old, you should still carefully monitor your investments and income streams, and stay on top of everything. change government regulations or other situations that could change the amount you receive (along with any new taxes you may owe) in retirement.
The “set it and forget it” mindset can keep you in the market, but don’t completely test it.
READ MORE: Here’s how much the average 60-year-old American keeps in retirement savings – how do your eggs compare?
Stay healthy and active
Hit the gym regularly now? Great. Go ahead because pay attention to your health right now can pay off in retirementliterally.
While seniors can take advantage of fitness discounts, like Silver Sneaker program and other respite, staying healthy can provide long-term security from rising health and medical costs.
Imitating older adults and their positive habits will help avoid a number of costly medical situations that contribute to the estimated $315,000 in medical costs older Americans could expect in retirement. According to the Centers for Disease Control and Prevention, walking, strength training, and regular exercise are key to longevity.
Learn new tricks
Picking up a hobby or learning a new skill is not only fun, but it also keeps your mind sharp and actively engaged. The brain training and problem-solving needed to learn guitar or paint is rewarding and can slow cognitive decline.
Consider doubling the benefits by combining exercise and ongoing learning through things like tennis or dance lessons.
Keep your social network
Research shows that retirees report higher levels of happiness as their social engagement levels increase, while similar studies show that isolation is linked to heart disease, stroke, and heart disease. Dementia.
Loneliness can exacerbate inactivity and lead many older adults to withdraw from activities that made them vibrant in their early years, increasing the risk of rapid health decline as we age. Go.
Even before you retire, think about the ways you will find stimulation, purpose, and community in your later years. You may want to join a club or get involved in volunteer work so that when your career is over, you already know what you want to fill your time with.
And most importantly, maintain your relationships with family and friends, which research shows will keep you happy and reduce stress. But you may not need Gallup to tell you that.
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This article is for information only and should not be construed as advice. It is provided without warranty of any kind.