Retirement

Practical Tips to Make a Smooth Transition to Retirement

Like many other life transitions, retirement comes with emotional and mental adjustments. Your transition to retirement will not happen overnight.

Most retirees will go through stages of emotions when adjusting to a new life. Give yourself some time to understand that this will be a process. Learn how to slow down. Pause and relax. The process of transitioning should be a gradual learning curve.

Here are a few practical tips to help you make a smooth transition to retirement.

Prepare for ups and downs.

The first year of retirement will be filled with bumps and adjustments no matter how well you are prepared.

Do not expect the transition from your 30+ years of work to retirement to happen without stress and anxiety. There are going to be surprises and disappointments down the road before you settle into something more comfortable.

There will be times when you feel lonely, isolated, or a bit lost, which is normal. But do not spend your time dwelling on thoughts about the end of your career, loss of identity, and loss of social connections.

Accept that you have done all you can working for many years and focus on your next phase of life. Make peace with it and move on to your next challenge.

Retirement Finances

1. Know your retirement expenses.

A good life costs money. You do not need to be rich to have a happy life, but you still need enough money to finance your retirement lifestyle.

As I have already explained in many of my articles, you need to figure out how much you actually need to retire and live a comfortable life. Obviously, that is a different amount of funds for everyone!

If you are close to retirement, have a clear snapshot of your retirement funds and where your money is going today. It can help you take control of your spending and saving habits.

If your numbers show that you will be able to cover living expenses and have enough left over to live a comfortable life, then you are on the right path. But if you have a significant shortage of funds you will need to cut your spending, save more, or even work for a few extra years.

2. Simplify your finances.

Many people use retirement as a time to make their life simpler. Smaller homes, fewer cars, and less stuff.

How to simplify your finances?

Consolidate bank accounts. Close multiple savings and checking accounts and consolidate them in one bank account. With fewer accounts to track, you will have less hassle remembering logins, websites, and spreadsheets.
Consolidate retirement accounts. Roll over multiple 401(k) accounts to a single IRA.
Get rid of paperwork and pay your bills automatically. Easy to track your payments. And you will reduce the stress of money management and make it less complicated.
Reduce the number of credit cards. Cut back to just one credit card.

3. New life on a fixed income.

In retirement, you will transition to living on a fixed income. Your salary will stop coming and your income stream will change.

But you have saved and invested your money preparing yourself for a new life on a fixed income. Your new income will come from the combination of Social Security, a pension, retirement accounts – 401(k), IRA, Roth IRAs, and investment accounts. This is what you have worked so hard for all these years.

Retirement Lifestyle

1. Develop a routine.

We all need structure in life and our job helped create that structure for many years. When we stop working the structure is gone.

What happens when you retire? It is Monday morning, but you do not need to go anywhere. There is nothing planned. There is no alarm clock and no morning rush.

The first few days or weeks will be exciting. You can sleep late, read in bed, or catch up on your favorite Netflix shows. But I am sure that by the end of the week or month, you will start feeling bored, isolated, and maybe a bit depressed. The fun is gone, and you will be glad to go back to something more meaningful in your life.

That is why you need to develop a routine and create a “new normal”. Some people love to have a daily routine, while others cannot bear to have everything predictable. But without proper planning and developing daily activities to get you up every morning, your retirement life will be dull.

2. Find hobbies and interests to fill your days.

I believe that everyone had some interests in life before they were forced to put it on the shelf during their working years.

older man run marathon - transition to retirement

All those things we regret not having time to do during our working years can act as an inspiration when we transition to retirement. It can be sports and travel. It can be learning something new – a new language or instrument. Also, it can be starting an art project or home remodeling.

Many pre-retirees are afraid to be bored in retirement, and I can relate to that feeling. Most of us spend our lives dedicated to responsibilities. We often forget how to live outside of our comfort zone.

If you are getting ready to retire, think about how to structure your days. Plan to allow yourself to try something new and even uncomfortable like going back to school or learning how to paint.

Here is a list of ideas:

Learn how to sail.
Start (or join) a book club.
Learn how to paint.
Take a pottery class (a photography class).
Take a cooking or baking class.
Write a poem.
Write an e-book and publish it.
Learn new digital skills – open an Instagram or Twitter account.

3. Keep in touch with your friends from work.

Losing your network of co-workers and office friends can be hard. Eventually, life in the office will go on without you.

Even though you are retired, it does not mean you have to lose contact with the group of your office friends completely. A simple email, text message, or phone call can lead to regular catch-up meetings with your friends from work.

Also, you can make arrangements for lunch or dinner dates once a month to stay in touch with your ex-colleagues. Most workplace friends will be happy to catch up with an old friend they have not seen for a while.

Once you retire, it is easy to become involved in other activities outside of the workplace. But keeping workplace friendships alive during retirement can help you mentally adjust to life without work.

4. Expand your horizons.

Travel is often high on the bucket list for retirees.

Many people (including myself) look at retirement as the best time of their lives, a time for adventure and travel. I believe that one of the biggest benefits of retirement is the freedom to explore the world and expand your horizons.

Do you have a retirement bucket list?

I have found it useful to create my retirement bucket list. That is a list of things I want to do and see in our local area and other countries.

I like to keep my bucket list updated with the name of new places I learned and the dates we want to travel there. Most of the time, Roman and I feel excited when discussing our travel plans and the places we want to visit.

A few ideas from my retirement bucket list:

Live in France for a year and learn French language
Go on a road trip through Sicily
Take cooking classes in Spain and learn how to cook paella.
Write an e-book.
Visit Brazil during the carnival and learn how to dance salsa.
Take a European river cruise
Grow a vegetable garden.
Design and build a lake house.
Go on a Safari in Africa
Visit Tahiti

5. Spend time with people you love.

Retirement can be a challenging time for relationships. When you stop working you will leave most of your friends at work behind.

Unfortunately, many will disappear from your everyday life the day you leave. It will take a lot of effort from both sides to keep friendship, once the common purpose of work is gone.

Growing older could be lonely unless you have support, love, and even friendship from your family. Do you have a good relationship with your spouse? Are you close to your children and their families? Do you spend enough time with your grandchildren?

Offer to go to the game or concert with your kids and grandkids. Consider a family vacation together. Spend all the holidays and other celebration times together.

Do you stay connected with other parts of your family like your brothers or sisters? Do you keep in touch with them regularly if they live far away? What effort do you make to stay in touch with them?

Unfortunately, many of us spend more time on Facebook, Instagram and Twitter to stay informed and connected with former classmates or colleagues because they post often rather than spend time with people who are important to us.

I read that one of the greatest regrets of people who are getting closer to the end of their lives is that they didn’t spend enough time with their loved ones.

Life is short! Make sure that you spend enough time with the most important people in your life.

Final Thoughts

Most of us look forward to retirement as a time to relax and enjoy our golden years. Finally, we can do whatever we want and when we want.

But the transition from work to retirement comes with its own challenges. Many people will learn how to adjust to retirement life in different ways. Everyone’s path will be unique. But you will know how to deal with challenges if you are prepared.

Following the practical tips above will help you transition to retirement better so you can feel happy during your new phase of life.

Helpful articles you might want to read:

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Is Relocating in Retirement a Good Idea?

by Maggie Leave a Comment

houses next to mountains-relocating in retirement

According to studies, 36 % of those 50 and older want to stay in their current home when they retire. Yet almost 37% of retirees have moved since retiring. And 27% expect to move at some point.

What is right for you depends on your lifestyle, financial resources, and personal preferences on climate, activities, and proximity to friends and family.

If you have just retired or are a few years from retirement, you may be thinking ‘Where should I live in retirement?”

Sometimes there are good reasons to relocate in retirement.

You want to be closer to your family.

For many people, there is a good reason to move in retirement because they want to be closer to family or friends.

Right now you may have no real plans to go anywhere. But if your adult children are planning to move away, you do not have to feel stuck when your family no longer lives near you.

Some retirees prefer to move to another state or area to be closer to their children and grandchildren. As we age, having family members nearby can be crucial as we must rely on their help more than ever before.

Also, if you suddenly lose a spouse after moving across the country, you will find support by being closer to your family. On the other hand, if you move you will be leaving your friends behind.

You want to move where the cost of living is cheaper.

This may not matter to you if you have saved a good nest egg for retirement. But most people have a limited amount of retirement savings. Moving to a more affordable place to live could make all the difference in allowing your savings to last longer.

If you currently live in an expensive area, you should consider moving to a place with a lower cost of living. The sooner you relocate the easier it will be to make sure you do not spend your savings fast.

Keep in mind that housing is your biggest budget item. Even in retirement housing costs as a percentage of spending will remain around 35% on average.

Reducing your housing costs now will give you more cash to put toward your other retirement goals. Once you are retired, the fact that you have lower housing costs means you will need less income in retirement for this essential expense. Plus, you will have freed up more income for other retirement expenses. That could mean more travel or spoiling your grandkids.

You want to move where taxes are lower.

Even in retirement, you must pay taxes. The cost of living is important. But how much you pay in state income tax also plays an important role when you live on a fixed income.

Some states are tax-friendlier than others. The following states do not have a state income tax:

Florida
Nevada
New Hampshire
Tennessee
Texas
Washington

Moving to a state with low taxes and estate taxes may be worth considering if you have built a sizable amount of retirement assets that will be taxed as you withdraw them.

For example, if you move from Massachusetts to Florida, you rid yourself of state income tax. But if you move from New Hampshire to South Carolina, you have to start paying state taxes.

You want to downsize to a smaller home.

If your current home is too large for you, you should consider downsizing.

Find a house that is easier to maintain. Downsizing is not just a physical change. Sometimes it is a way to create a new life in a new space.

Moving also allows you to choose a home better suited to your needs during your retirement years.

By moving from a single-family home to a condominium you are trading stairs and mowing the lawn for less space and more amenities, including indoor and outdoor swimming pools, a gym, a club room, etc.

Also, it might be a good time to sell your home if you know that it will sell for a great amount of money in the current housing market. You may get a high bid for your home and then be able to move anywhere you want to.

If you have always wanted to travel in retirement, then selling your house may be a great decision. You can rent a condo or apartment so you will feel free to travel often and not worry about maintenance, repairs, and yard work. Even if you just downsize to a smaller home, you will have more money available for your travels, and hobbies.

A move can also reduce your costs if you are looking at relocating to a senior living community.

Some of these communities are all-inclusive with dining, shopping, and fitness/spa located in one spot. In exchange for an HOA fee, things like maintenance and lawn care may be covered for you which means less stress on your wallet and time.

You prefer to move to a place with a better climate.

If you want to avoid the Northern winters, you might want to relocate to a different geographical area with a better climate.

After living in a cold climate for years, many retirees prefer to move to a warmer climate so they can stay active and enjoy spending more time outdoors. I hear all the time people saying they want to retire at the beach. But have they ever spent time in a beach community in the off-season? It can be a very different place.

However, if you have never lived in a warmer climate before, you will need to get yourself time to adjust. Do not expect to get used to the new temperatures immediately. Be patient with yourself and learn how to adapt to the new climate.

Additionally, if you have health problems, talk to your doctor about planning to move to a different climate. Your doctor should help you make the transition easier. Some medications may even interfere with your body’s ability to tolerate temperature changes.

There are plenty of advantages to living in a warmer climate but there are also damaging weather conditions such as hurricanes, tornadoes, etc. Be sure to ask your real estate agent questions about special insurance policies you need to cover any weather-related damage if you own a home in that area.

Why to stay put and retire in place?

Ideally, retirement is supposed to be a time when people move to a warmer climate to sip drinks on the beach or to play endless rounds of golf. But in reality, a huge percentage of Americans are happy to stay put and retire in place.

There are many good reasons to retire in your hometown.

It is cheaper to retire in place if your mortgage is paid off.

Moving is an expensive task both in time and money.

You will spend a large amount of money and time looking for a new home, preparing your existing home to list, paying realtor fees and real estate taxes. Then hiring movers, moving, paying closing costs, and renovating your new home to fit your style and taste. If you stay put these expenses can be avoided.

Remaining in your community.

You are lucky if you can afford to stay where you are in your retirement years. You get to keep what is familiar and comfortable in a home filled with memories.

Additionally, staying closer to your friends and neighbors will help you fight the loneliness and isolation that often comes with retirement.

As we age, our ability to socialize and meet new people shrinks. Perhaps, that is because we are no longer working, or maybe we do not have enough energy to make a bunch of new friends. That is why remaining in your community gives you access to people who have known you for years, maybe even a lifetime.

Additionally, if you stay close to home, it might be easier to find work if you start depleting your nest egg fast. Perhaps you can reach out to the old group of friends or colleagues to find opportunities for a part-time or freelance job.

Great healthcare system

If you live in an area that has a great healthcare system, that is something to consider before moving somewhere else. Moreover, you will be seeing the same doctors that know you well.

In retirement, the typical household spends around 12 percent of its household income on medical expenses annually. That amount increases to nearly 16 percent by age 75.

If you are trying to keep your out-of-pocket costs as low as possible, do not rush to leave affordable health care behind.

Update your home for aging in place.

If you decide to stay put, make sure it works for you.

Take a critical look at your current home and decide what changes you have to make to your home that will pay off in the future.

Here are some items that might be on your future project plan:

Add, expand, or renovate a bathroom.
Extend your bedroom and add an ensuite.
Redesign your kitchen to fit your new lifestyle.
Create an office space. It will help if you plan to do any side work or freelance.
Create a guest room. If your children and grandchildren come often for a visit, having a separate room will help them feel more comfortable.
Create an outdoor space to be your sanctuary.

As we age, so will our homes. Today we move effortlessly around our homes. But as we grow older our mobility will decline.

house with a wheelchair person - retire in place

As a result, those stairs might not be so easy to fly up and down to get to the second-floor bedroom. Or how about the bathroom? Climbing in and out of your tub could become a slippery risk.

Even the simple task of climbing the entrance stairs to get into your home might be an issue at some point. If you plan to stay put and “age in place”, start figuring out how much it would cost to make your home senior-friendly.

You need to find ways to make your home easy to access no matter what your age, size, or abilities.

Options might include:

First-floor master bedroom
First-floor bathroom
Bathroom grab bars and railings
Curb-less showers
Shower seat
Non-slip safety flooring
Task lighting in the kitchen and other work areas
Wide doorways to fit walkers and wheelchairs
Entryway ramp
Well-lit hallways

Home Renovations for Aging-in Place

Deciding where and how to live always involves some research and detailed planning. So, put your planning skills to work and think about where you will be comfortable living in retirement.

Here are a few related posts you might want to read:

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Is It a Good Time to Sell and Downsize Your Home?

by Maggie Leave a Comment

interior of a house - sell & downsize your home today

Many people blame the baby boomers for the housing shortage in the real estate market. According to stats, baby boomers hold the biggest share of real estate wealth in the U.S. And they do not sell their homes as they grow older.

Recently I have learned that there is approximately $8 trillion worth of home equity locked up in older people’s homes.

Housing experts agree that the baby boomers’ generation is healthier than the previous generations. That is why they do not need to move in with their kids or to a nursing home. Also, they do not want to move because they want to age in place. Most of them like their neighborhoods and their friends.

But with skyrocketing home prices, some people think that now is a good time to sell and downsize your home before the real estate market starts cooling off.

Downsizing can be the right path for many baby boomers who want to cash out their biggest asset and live out their golden years with more money in the bank.

Everyone likes the idea of making a profit by selling a big house and buying a small one. But be careful with this decision because today’s market might present some challenges.

High home prices, low inventory

For a long time, downsizing has been associated with empty nesters living in a big house with no kids.

A popular retirement planning approach is to sell a big house you raised your kids in and then go and buy a smaller less expensive house. The best part of this approach is that you can use all your home equity you accumulated over the years to pay for your life in retirement.

But in recent years, the concept of a smaller house has captured our society. Downsizing has become more attractive for many financial reasons.

Less space means less money, less maintenance, and less hassle overall. And the smaller space the easier it is to furnish and decorate. Also, you can spend the saved money on something more important such as travel, hobbies, and time with the family.

After all, a smaller space has more value not only for your wallet but for your lifestyle.

However, with inflated home prices downsizing is not as affordable or profitable as it was before. If you think about cashing in on your home’s equity and downsizing to something smaller and cheaper, you might meet some challenges.

If you decide to sell now, you will be selling at the top of the market with high home prices and low inventory. But on the flip side, you are going to spend more money for your next purchase even something smaller.

When downsizing you will be looking at the smaller homes with modest square footage. Keep in mind that there are a lot of buyers competing for this kind of purchase. Smaller homes, condos, and townhouses became very popular lately and that often leads to steep bidding wars.

In many cases that smaller home you want to buy may end up being more expensive than you have originally planned.

When you sell and downsize your home do not forget about other expenses such as real estate agent fees, attorney fees, real estate, and capital gain taxes.

Prepare to pay 5 to 6 percent of the purchase price to cover realtor agent fees, which are typically paid by the seller. Add to that an extra 2 to 4 percent of the price to cover attorney fees, transfer taxes, and other expenses called ‘closing costs’.

So, if you sell your home for $750,000, you could end up paying $37,500 in realtor fees and $15,000 minimum in closing costs. Total of $52,500 just to sell your house.

Capital gains tax is another costly part of selling your home. Per IRS rules you do not need to pay capital gains taxes on the sale of your home if the profit is less than $250,000 (for an individual) or less than $500,000 (for a couple). But if your sales proceeds are higher than these numbers you will owe to IRS as much as a 20 percent capital gains tax on the profits.

If you live in a state where homes have appreciated in value significantly over the years, it might cost you a lot in capital gains taxes. For example, after selling your home for $750,000, you will pay to IRS $50,000 capital gains tax on a $250,000 profit.

High mortgage rates

Mortgage rates have increased more than 2.5 percent since the beginning of this year. And if you are planning to finance your new home it will be significantly more expensive than it was a few months ago.

According to Freddie Mac, today’s average mortgage rate is 5.78 percent on a 30-year loan. By comparison, in 2021 a 30-year fixed rate mortgage was only 2.93 percent.

If you have a mortgage on your current home with a low-interest rate and looking to downsize and borrow money for your next home, keep in mind that the rate you can get will be much higher than your existing one.

Unless you want to pay cash for your new home, downsizing might not be worth it financially if you want to apply for a new mortgage.

If you are retired and live on a fixed income, downsizing will give you some significant savings down the road. But you have to compare it with how much interest you will pay over the time of the loan.

With the average interest rate of 5.78 percent on a 30-year loan, you will pay around $443,000 in interest costs on a $400,000 home.

Also, qualifying for a mortgage might be a problem if you are not working. Keep in mind that most of the mortgages are issued and approved based on your income and not on your assets. If you are not working, it will be harder to get financing because you cannot show the constant stream of your income.

Moving cost is growing

We all know that moving is stressful. Sorting through your belongings, packing, and cleaning can be overwhelming. And with high inflation and high gas prices, your moving costs will be expensive.

According to the latest report from the Bureau of Labor Statistics, the annual inflation rate in May 2022 was 8.6 percent. It is the highest level since 1981 as measured by the consumer price index.

In today’s world everything involved in a move will cost you more – movers, truck rentals, supplies, storage, etc. In addition to downsizing your home, you will need to downsize and replace your furniture – replacing a big sofa and club chairs with a smaller couch, a king-size bed with a queen-size bed, or a big dining table with a smaller kitchen-size set.

Do you still want to sell and downsize in today’s market?

There are still many financial reasons to sell and downsize in today’s market. And if you are getting closer to retirement, downsizing can come with lots of benefits.

If you are ready to sell on the top of the market and do not want to wait for the interest rates to settle because you will be paying cash for your next purchase, then go for it. Even with the high-interest rates but low inventory, sellers are still demanding a premium for their homes.

For example, you carry a $100,000 mortgage. If you want to sell your home for $600,000, then downsize to a $350,000 smaller home or condo, you might walk away with a nice profit.

Also, you can buy your next smaller home with cash, without having to take out a mortgage.

You still have to carefully evaluate the market where you buy your smaller home. Look at home prices, the number of listings, competition, and how long most houses sit on the market.

Downsizing your home can help you save a lot of money on housing costs. Today, rising property taxes are a result of higher home values. If you downsize from a $600,000 home to a $350,000 home in the same neighborhood, you will pay fewer taxes overall.

With a smaller home, you will also spend less money on maintenance and repairs, heating and cooling, home improvement, and decorations.

Other alternatives to downsizing

If you do not want to sell in today’s market, there are other alternatives to downsizing if you want to wait for interest rates to settle, and housing inventory to increase in the next few years.

Once you are retired, you can rent your home and move to a rental. It will allow you to avoid the high home prices and high mortgage rates today’s market comes with.

Also, if you need extra cash but do not want to sell your home, you can apply for home equity loans, HELOCs, or consider a reverse mortgage.

There are still many people who would prefer to stay in their homes and retire in place. They want to remain in their neighborhood for life. In this case, homeownership might provide several options to fund your retirement without the risk of stock market investments.

One of the options is a reverse mortgage.

If your home has gained a lot in value, it makes sense to calculate the numbers first to see if it might be cheaper to stay put and take out a reverse mortgage.

Your home will continue to appreciate in value. And by staying put you will avoid paying capital gains tax completely. With taking out a reverse mortgage, you will be able to get the cash out to pay for your living expenses in retirement.

‘A reverse mortgage is a loan available to homeowners, 62 years or older that allows them to convert part of the equity in their homes in cash’.

In simple words, as an older homeowner, you will be allowed to borrow money against the value of your current home.

What are your thoughts on selling your home in today’s market? Share your ideas with us in the comments below.

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How to Organize Your Time in Retirement

by Maggie Leave a Comment

woman reading a book on a grass - organize your time in retirement

For many people, retirement is a chance to finally do things they have always wanted to do but had to postpone before they have the freedom of retirement. You might have a vision of the ultimate retirement lifestyle of getting up at any time, no alarm clock, no morning rush, and no daily schedules, just relax and enjoy your day.

But with no direction or discipline, you will soon find out that your days and weeks will pass without doing what is meaningful. The next thing you know a few months have passed and you have no idea where the time went and what you did with your time.

A successful retirement lifestyle should consist of a mix of activities that provide physical activity, mental stimulation, and socializing with others.

If you add to this mix the household chores such as cooking, shopping, cleaning, laundry, and house maintenance your retirement life might look overloaded again. That is why you will need some form of a time management system to arrange these activities and find time for it all.

Here are a few important tips to help you organize your time in retirement.

Make a Schedule

Sit back, relax, and do nothing all day is still a dream of many future retirees.

Just remember that if you sit around watching TV or surfing the internet for a few months, your health and fitness level will deteriorate quickly.

This is why starting retirement with no plan or schedule could hurt you in a long run. There is no better way to plan for retirement than to have a good understanding of how you will spend your days and weeks.

Time management in retirement does not mean blocking every minute of your day. It is more about establishing goals and priorities and then making sure that you accomplish what you set out to do.

First, organize your activities and household chores on a daily or weekly basis.
Second, use an online calendar or a planner to keep track of your activities and tasks. Many people will have a list of things (a bucket list) they want to accomplish once they stop working. It is a good idea to spread them out over some time, rather than trying to conquer everything at once.
Lastly, make a list and set reasonable and manageable goals of when you want to have items completed. It might be helpful to divide them into categories such as this week, this month, and this year.

Find your rhythm

It can be hard to structure days in your early days of retirement. After decades of working and having your days structured from morning to evening, it is easy to get overwhelmed with so much free time on your hands.

To establish your rhythm, start your day with purpose and write down two or three things you want to get done that day.

Here is an example of a few activities to keep on your calendar:

Cleaning the house
Preparing a meal
Working in a garden
Meeting up with friends
Writing in your journal
Reading a book
Going to the gym/ taking yoga class/ working out

1. Establish your morning routine.

Your morning routine looked the same for the last 40+ years – you would wake up, do some personal hygiene, get dressed, have breakfast (or not) and go to work. Once you are retired, you need to reinvent that part of the day.

There is so much proof behind why your morning routine is important.

man preparing coffee on a table - organize your time in retirement

Your morning routine sets the tone for the day. A good routine gets you on track from the moment you wake up and puts you in the right frame of mind. If you get following a healthy routine every morning you will get a lot of optimistic energy moving around you.

Morning routine examples:

Wake up
Breathing exercise
Have a healthy breakfast
Enjoy a gourmet cup of coffee or tea
Listen to a good music
Read a book
Write your thoughts in a journal.

2. Makes your evenings purposeful.

Evenings could be the most difficult part of the day.

People usually start feeling tired from their daily chores and responsibilities. That is why it is important to make your evenings purposeful. With no discipline or direction, you will discover that you spend most of your evenings on a couch watching Netflix.

You should simply write down a few things you are going to do every evening. For example, if you like to read or write, you can schedule a daily reading or writing in your journal time from 7 to 8 pm every day. I like to cook, so I can schedule preparing a meal from 6 to 7 pm every day.

There are so many other options:

Work in a garden
Water your flowers
Take a daily evening walk after dinner
Meet with a friend
Listen to a podcast
Sit outside to watch a sunset

It is also okay to do nothing and watch TV. But you are better off spending your evenings outdoors than indoors because it will give you more energy and motivation for new things.

3. Combine structured activities with free time.

If the idea of maintaining a daily schedule does not appeal to you, you can establish a less time-based approach.

Start your mornings by writing down two or three things you want to get done that day. Then, once you have done those two or three chores, you can spend the rest of the day doing whatever you want.

You will probably end up with a mix of structured activities, free time to spend however you like, and to-do lists.

4. Limit your time watching TV.

Just do your best to limit time mindlessly watching TV or browsing the internet.

Decide how much time you will allow to do passive activities and do your best to stick to it. For example, you might allow yourself only 30-minutes every morning and every evening to check emails, Facebook, Instagram, Twitter, and any other social media channels.

Tips for a Smooth Transition to Retirement

Add something new to your life

Retirement is the ultimate time of getting out of your comfort zone and trying something new.

Most of us spend our lives dedicated to duty – building a career, raising a family, and taking care of grandchildren or parents. And unfortunately, we often put our dreams on a shelf.

But retirement is a perfect time to explore something new.

Go back to school. There are so many educational classes, both in-person and online that can help you grow your mind, meet new people, and stay relevant to the modern world.

Public universities often offer special tuition discounts for seniors. If you are not interested in getting a degree, try taking classes at a local community college. Choose a subject that you have always wanted to learn more about.

But if you want to gain more knowledge for free and from the comfort of your home, I recommend listening to podcasts on a topic you want to learn more about or even watching something on YouTube.

Engage yourself in new culture and language. Traveling is one of the most popular ways to do this. It can teach you the new and insightful things and open windows to diverse experiences.

Spend time on your hobbies and interests. Fill up your time with what makes you happy. Think of the activities you would do all day long and use your time in retirement to enjoy those activities.

4 balls of yarn - find new hobbies in retirement

If you do not have any hobbies or interests you are passionate about, try picking a new one from the list below.

Here is a list of interests and hobbies to help you think about new possibilities for retirement:

Design and remodeling
Entertaining
Cooking/ baking
Decorating and DIY projects
Organizing
Painting/ reading
Playing musical instruments
Singing/ acting
Pet care/ animals
Teaching/ mentoring
Traveling/ learning a new language
Sports/ fitness
Babysitting
Gardening
Learning new technology

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Learn how to slow down

It is important to establish a healthy balance between work and relaxation.

Once you stop working you do not need to follow your working schedule and pack your days with tasks to the brim. Being constantly busy does not mean achieving any sense of fulfillment. You do not have to be busy every minute of the day. Stop putting pressure on yourself and learn how to slow down.

I know that for some of us it is hard to relax. You might not need to set a schedule for everyday tasks. Instead, just finish a few chores when you are ready and take the rest of the day off. Be flexible and allow yourself to move activities and tasks from today’s list to tomorrow or next week. In the end, it will all get done.

The main thing to remember is that you can be more productive and energetic when you are physically and mentally fresh. So set aside enough time in your schedule for rest.

Get sufficient sleep at night.
Take breaks between tasks, especially when you are doing physical work.
When working in front of your computer, take 5 to 10 minutes breaks to stretch and move around.
Set a timer on your phone or computer to alert you when you have been online longer than a specific time. Then, shut it down.

How do you organize your time in retirement? Share your ideas in the comments below.

If you enjoyed reading, share this post so that others can find it, too!

How to Keep Yourself Fit for a Healthy Retirement

by Maggie Leave a Comment

man and woman in kitchen cooking-keep yourself fit for a healthy retirement

All the advances in medicine and technology have created a dramatic increase in life expectancy. People are living longer than ever, including much more years in retirement. We all hope for a happy and healthy retirement, but unfortunately, getting older comes with concerns over health.

Making an active effort to stay healthy will not only allow you to live longer but will increase your chances of having a more fulfilling and energetic retirement doing the things you love.

So how do you keep yourself fit for a healthy retirement? The best advice is to start planning for it today.

In this article, I will look at the problems related to physical, mental, and emotional health and find ways to improve each.

Find time for physical activity

Whether you are planning to retire in a few years or already retired, get moving.

We all know that exercising is important. Studies have consistently confirmed that regular exercise reduces your risk of heart disease, diabetes, stroke, and even slows down the development of dementia. So, if you want to have a healthy and active retirement, then find time for regular exercise.

Many experts argue over how much exercising is healthy. But everyone agrees that some moderate exercise is better than none. Whether it is aerobics, lifting weights and doing sit-ups, or practicing yoga and gardening, we should all get engaged in some moderate physical activity.

The important part is to find the activity you like so you will keep doing it regularly.

Do not wait until you retire or do not wait until your health starts to decline. Choose something you would enjoy and make it part of your daily routine.

Many books and YouTube videos can help you to do a workout from the comforts of your home.

15 Best Quick and Easy At-Home Workout Moves

Here is my favorite home workout on YouTube. It only takes me 30 minutes to follow the workout playlist any time I want.

Family Fitness – 30 Minutes Body Workout

If you prefer to exercise with other people, you can join a gym or take group fitness classes. But if you do not want to spend extra money on expensive personal trainers or gym membership, walking, running, or cycling outdoor will be more than enough to stay in good physical shape for years.

Explore your local walking and jogging trails. Those 30 minutes a day you need to spend walking can be done in a local park or greenway path. Leave your car at home and walk or bike to the local store, bank, or post office. Gardening or decluttering are also easy ways to keep you active and fit.

Have a healthy diet

As you age you are more likely to have problems with health linked to nutrition. That is why a healthy diet is more important than ever.

Eating healthy is similar to exercising every day. And it works better if you plan for it. Plan your meals so you will not end up snacking up on ice cream before dinner because you are hungry.

If you want to eat a healthy diet avoid too many saturated fats in meat and dairy. Healthy people usually restrict the amount of sugar and salt in their diets, and they drink lots of water and tea.

According to various studies, a diet rich in fruits and vegetables is linked to a reduced risk of obesity, diabetes, and cancer. So instead of eating fast food, you should choose to eat fresh food. For people over age 65, it is recommended to have five or more servings of fruits and vegetables every day.

For me, the Mediterranean diet works as a great inspiration. People in the Mediterranean region live longer because they follow a healthy diet rich in whole grains, vegetables, fruits, and low-fat dairy products. Their diet is low on animal products, and they prefer to cook fresh fish.

You need to make sure that you are always working on how to improve your diet by choosing foods that are good for you and cutting down on packaged food. Do not forget to shop smart and always read food labels to avoid foods high in cholesterol and saturated fat.

veggies and fish - healthy diet for retirement

I try to eat healthy every day and plan all our meals. I like to have a healthy breakfast – orange juice, oatmeal, fruit, and green tea. I try to eat less at dinner because I watch my calories and do not want to gain extra weight. I prefer to eat meat or fish during lunch. And I serve all our meals with at least one green vegetable or salad.

And the main thing, I try to go easy on sugar (chocolate and ice cream are my weakness!) and drink plenty of water with lemon.

Learn new things

Keeping yourself fit in retirement is not only related to physical activity. In general, being fit means a combination of different factors including physical fitness and mental health. Staying sharp mentally is as crucial as staying physically fit.

When you are engaged in physical activities you focus on your muscle strength training. The same kind of training should go for brain activity. To stay mentally fit you need to challenge your brain with various exercises.

One of the best ways to keep your mind young and active is by learning new things.

Here is a list of ideas:

Learn how to play a musical instrument
Start (or join) a book club
Learn how to paint
Take a pottery class
Learn how to be a photographer
Take a cooking or baking class
Write a poem
Write and publish an e-book
Learn new digital skills – open an Instagram or Twitter account.

I believe that keeping our minds sharp is an important part of prolonging the time we can enjoy in retirement.

Monitor your health

Many health issues are age-related.

Our body gets weaker as we age. Many people will experience aging issues such as heart disease, arthritis, diabetes, dementia, osteoporosis, and more. That is why regular medical check-ups are a must.

You should visit your doctor regularly and do not skip any recommended health screenings and tests. If you are a woman, you need regular tests for breast and cervical cancers. If you are a man, your doctor should help you decide about a prostate cancer test.

Keep an eye on your blood pressure and cholesterol level to avoid a heart attack or stroke.

Maintain an active social life

People who have plenty of friends and enjoy a close relationship with their families, typically live longer than people who are lonely.

When you retire, you do not just leave your job, you enter a new stage in life.

Leaving the workforce will reduce your social interaction with colleagues. Friends and neighbors might retire and move away. Death can take a spouse or close friend. Those are all sad life events because loneliness is linked to poor health and early death.

We all know that having a strong social support system helps us deal with stress.

It is important to stay involved and engaged in life, so you do not feel lonely. Being engaged in a community gives people a sense of purpose, security, and connection. It is important to have a reason to get up every morning, go out, and do things.

Find new purpose in life

If you are ready to leave the working world, think about how you will spend the 40 + hours a week you spent previously at your job.

The reality is that you may feel ready to retire, but on the other hand, you may feel nervous and doubtful.

What are you going to do with all that free time? One of the best things you can do is create a plan for your retirement.

You need to decide what will be important in your new life and how are you going to spend your days and weeks. The minute you say goodbye to coworkers you need to know what is next for you.

It is not a secret that when you feel like your life has a purpose and meaning, you will experience less stress. And with less stress comes fewer negative health effects.

Having a purpose in life makes people stay more physically active and more willing to take care of themselves.

Finding Your Purpose in Life in Retirement

Find hobbies to fill your days

I think everyone had some interests in life before they were forced to put them on a shelf during their working years. We spend our lives doing things that we have to do – career, kids, family. But retirement gives us a new opportunity to start over again.

Many retirees struggle to feel useful after they stop working which can negatively affect their health. Instead of being depressed and unhappy, refocus your energy on learning something new and more interesting than your previous job.

I believe that desire to travel the world is a big factor for people wanted to retire. Travel is important at any time in life. But travel in retirement gives you a new opportunity to explore the world, learn a new language, and use your social and communication skills.

Another big factor is a desire to complete a bucket list. Creating a bucket list is a helpful tool to set up your retirement goals or have a list of things you want to complete at least once in your life.

15 Ideas on What to Do in Retirement

Work on your relationships

Retirement can be a challenging time for relationships. When you stop working you will leave most of your friends at work behind. Sadly, many will disappear from your everyday life the day you leave.

two women on a bench - friendship in retirement

Growing older could be lonely unless you have support, love, and even friendship from your family.

Do you have a good relationship with your spouse if you are married? Do you stay connected to your children and their families? Do you spend enough time with your grandchildren?

There are many things to do together as a family. Go to the game or concert with your kids and grandkids. Consider a family vacation together. Spend all holidays and other celebration times together.

Do you stay connected with other parts of your family like your brothers or sisters? What effort do you make to stay in touch with them?

Unfortunately, many of us spend more time on Facebook, Instagram, or Twitter to stay informed and connected with former classmates or colleagues because they post often rather than spend time with people who are important to us.

I recently read that one of the greatest regrets of people who are getting closer to the end of their lives is that they didn’t spend enough time with their loved ones.

Life is short! Make sure that you spend enough time with the most important people in your life.

Takeaway

Taking care of yourself and making your physical, mental, and emotional health a top priority in retirement is the best gift you can give to yourself and those you love.

How do you keep yourself fit and healthy? Share your ideas in the comments below.

If you enjoyed reading, share this post so that others can find it, too!