Retirement for Seniors

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We all dream of a comfortable retirement, free of financial worries, in which we can indulge in various pursuits we never had time for when we were working. A "perfect retirement" might entail good health, a stimulating environment, opportunity to travel and pursue other enriching activities, and enough money in the bank to pay for it all.

However, a perfect retirement is not a god-given right; it takes careful planning and discipline over the years and decades leading to one's retirement date. Keeping oneself in good health, for instance, takes more effort as one gets older. But if, starting from a young age, you eat well, get sufficient exercise, and avoid bad habits such as smoking, you stand a much better chance of enjoying an active and rewarding retirement.

Likewise, saving money for retirement is a lifelong activity. Most employers offer 401(k) plans or some other retirement plan that encourages employees to save; many even offer matching contributions. Take full advantage of such savings programs, and if you believe you still might come up short, work with a financial planner, crunch the numbers, and determine how much more you might need to put aside each month. The earlier you get started, the less painful this process will be.

Retirement Planing

Planning For Retirement

Other aspects of retirement can be addressed in the few years leading up to your retirement date. Where will you live, for example? If you're thinking of moving to another location altogether, or even a foreign country, then plan to spend at least a few months there, living as you imagine you might live as a retiree, before making a final commitment. How is the climate? What about medical care? Is there enough to do? Is there a university or college, if you want to pursue further study? What are the prospects for employment or volunteer work, if you feel the need to work in some capacity?

Perhaps most important, how will you want to spend your time in retirement? Traveling? Studying? Reading? Playing golf? Some combination thereof? Many new retirees find themselves at a loss -- they don't know how to spend their time, now that there's no need to go to work each morning. This lack of purpose can quickly lead to clinical depression and worse. Don't fall into this trap. In the years leading up to your retirement, spend significant time imagining what you'll want to do. What haven't you had time for during your working years? Formulate an action plan. During your first few weeks, you may just want to sleep late and watch television. But by the second or third week, have a plan to visit a travel agency, or a university admissions office, or an organization that accepts volunteer workers.

Our retirement years can be the most rewarding years of our lives, but it will not happen automatically. Be prepared with a concrete plan that addresses your health, your finances, your physical surroundings, short-term and long-term activities, and other issues. The resources at this website are a good starting point for your successful and rewarding retirement.

How To Know When You’re Financially Secure Enough To Retire

Date : December 11,2013 By : Tricia Borren When approaching retirement, an individual should know his or her current financial situation. Not only that, one must also understand their future wants and needs. Without a doubt, when knowing this and approaching the situation with care, one can retire comfortably. With this in mind, here are […]

Four Purchases That Will Help You Retire in Comfort

Date : November 13,2013 By : Marlena Stoddard While some people aim to have an excitement-filled retirement full of travel and new experiences, others just want to take it easy for awhile after a long and successful career. If you are hoping for a comfortable and relaxing retirement, there are several purchases you can make […]

Five Important Life Decisions to Think About Before Retirement

Date : October 21,2013 By : Brooke Chaplan As the baby boomer generations moves towards retirement, more individuals are finding that continued work is a necessity. However, as we age and develop a variety of chronic problems, working may not be an option. As you move closer to retirement, you must make a variety of […]

5 Tips That Every Retiree Should Know

Date : October 11,2013 By : Anita Ginsburg Retirement is often thought of the best part of life. There is a lot that you don’t have to worry about in retirement. However, you do need to be smart about how you plan for your retirement and how you live when you are finally retired. Here […]

Planning for Life After Retirement

Date : September 27,2013 By : William Son Looking ahead to retirement should be a positive experience. Making plans in advance can lessen the stress that often comes with a change in lifestyle. To make the transition easier, there are a few generalities to consider that can help you with your pre-retirement planning. By the […]

How to Sell on eBay

Downsizing your possessions in retirement can be one of the most tedious and labor-intensive chores that you’ll face, particularly if you’re selling a large house filled to bursting with a lifetime’s accumulated debris and moving to smaller quarters. Yard sales and estate sales are two ways of quickly moving large quantities of items. However, you […]

The Intelligent Way To Withdraw Your Retirement Money

Most companies, both large and small, offer their employees some form of retirement plan. Traditionally, these plans were so-called “retirement benefit” plans; employees would pay into an overall company retirement fund, and would then be rewarded with monthly pension checks, starting at retirement and lasting for life, often with survivor benefits for a surviving spouse. […]

How Much Retirement Is Paid to Our Congress?

Every American is responsible for providing for his or her own retirement, but it often seems as though our retirement incomes are dependent on the whims of others — namely, lawmakers in state capitals and, even more, in Washington, D.C. Congressional debate surfaces on a regular basis on the future of the Social Security system, […]

Let Me Show You How to Make Your Retirement Money Last

Retirement can be a period of relaxation and reflection after a lifetime of hard work. Or it can be the beginning of an entirely new life, lasting for twenty or thirty years. How you aspire to fill your retirement years depends at least to some degree on how many years you will have. In planning […]

Now You Can Start Planning For Your Retirement

When we’re in our twenties or even our forties, retirement can seem so far away as to be almost unreal, as though it’s something that will happen to someone else, in some other life. As we progress through our working years, we develop routines centered on our jobs, our families, and our paychecks. It’s easy […]