Ways of Being: Life Coaching to Heal Your Life!
Marlene Shiple, Ph.D. The Life Coach Dr.: Heal Your Past + Heal Your Thoughts + Heal Your Self => Heal Your Life!

Oct

17

Timely Advice for an Enjoyable Retirement

Filed Under Goal Achievement, Life Coaching, Stress Remedies

Retirement Advice

The word “retirement” is an interesting word. It is one that makes people smile when they hear it because it helps them to think of a future time when they can finally relax and not work so hard. But at the same time, many people become nervous when they hear the word because they don’t know how to plan for it. This article will take some of that fear away. Read on!
ACTION TIP! Most people look forward to their retirement, especially after they have been working for several years. They believe retirement will be a wonderful time when they can do things they could not during their working years.

Don’t forget to plan your life too, as you financially prepare for retirement. Most people learn early on that saving is very important, but they fail to take into account all the time they will have on their hands. Plan for hobbies, classes and volunteering, so you’ve got some productive things to do with your time!

If your employer offers a pension plan, find out if you’re covered under the plan. If you are covered, it is important that you understand how the plans work. You should know what happens to your benefits if you change jobs. Also, if your spouse’s employer offers a plan, learn what benefits you are entitled to.
ACTION TIP! Figure out what is needed for retirement. You won’t be working, so you won’t be making money.

Be aware of what you will need during retirement. While many people spend a lifetime saving up for it, few really know what paying for it actually entails. You’ve got to consider healthcare and possible assistance you might need along the way. Expect the best, but be prepared for anything during your golden years.

Spread your savings over a variety of funds. By investing in a variety of investment options, you can reduce your risk and increase your earnings. Speak to an investment specialist to help you decide how to diversify your savings. You should include some high risk investments with safe investments for best results.
ACTION TIP! Get to contributing to your 401k regularly and make sure your employer match is maximized if you have that option. A 401k plan allows you to invest pre-tax dollars into a retirement plan.

Make realistic plans and set realistic goals for your retirement. Don’t set your sights unrealistically high, and be honest about how much you are going to need to maintain your standard of living. Sit down and plan a budget for yourself. Based on that, determine how much you will need before you can retire.


Retirement Goals
ACTION TIP! Do you feel overwhelmed when you think about retirement? It’s not too late to begin now! Examine your monthly budget and determine the maximum amount you can start to put away every month. If that amount isn’t very high, don’t fret.

Set some positive goals for your retirement years. Consider what retirement means to you. You’ll have plenty of time to do things. The amount you will need to put aside will depend on the plans you make for life after working.

Retirement needs to be a time of fun for you. And you can make planning for it fun as well, as long as you use the advice here to make it easier. Just keep this article and look back on it when you need to, in order to stick with your goals.

Marlene Shiple, Ph.D.

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