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retirement bucket list

Practical Tips to Make a Smooth Transition to Retirement

by Maggie 2 Comments

a couple walking with travel bags to the boat - 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:

  • 5 Reasons You Should Have a Retirement Bucket List
  • How Much a Nest Egg Is Enough to Retire Comfortably?
  • 8 Ways to Get Your Finances Under Control
  • How to Organize Your Time in Retirement

Like this article? Share it!

Filed Under: Retirement, Retirement Living, Retirement Planning Tagged With: hobbies in retirement, retirement bucket list, retirement lifestyle, routine in retirement, transition to retirement

5 Reasons Why You Should Have a Retirement Bucket List

by Maggie 4 Comments

a couple at dinner table -retirement bucket list

Are you dreaming of retirement? What do you plan to do in your free time?

When people start talking about preparing for retirement, they ultimately refer to their finances. But often they forget to prepare for a new lifestyle since they won’t be working full-time anymore. Planning how you will spend your days, weeks and months can be very beneficial for your mental and emotional health.

When we are working every day, we don’t have enough time to travel and enjoy life as we want. Vacations are limited and we have to go back to work. But when we retire, we have more time on our hands.

To many of us, there are always things that we wanted to do or accomplish but never seemed to find the time until we retired. Retirement is something most of us dream of because it means we will finally have the time to do those things that we have always wanted to do.

Now that you are retired it is important to know what you want to do in retirement. Creating a retirement bucket list can be helpful to have goals and ideas so you can make the most out of your golden years.

5 reasons you should have a retirement bucket list:

1. Create a vision.

Many retirees go back to work because they are bored. But then they grow bored because they did not set up any goals for the future. It is so easy to get caught up in the routine of everyday life. But when you try something, you have never tried before it can help you escape your comfort zone and become a more adventurous spirit.

Creating a retirement bucket list will give you a sense of direction and purpose. When you get engaged in things you like to do it makes you feel energized and happy at the same time.

Your retirement bucket list may work as a visionary board. It reminds you of those things you want to do that is bigger than your day-to-day routine.

2. Set goals.

When we have a lot of free time ahead of us, we start thinking about what we would like to do with it. Sorry to say but often life takes over and we may focus more on our day-to-day chores and less on our goals for fun and excitement.

However, it is a proven fact that people who set goals achieve more in life than people who do not.

Setting goals help us define what we want to explore, learn, and accomplish. You look anywhere online at successful influencers, athletes and entrepreneurs, and they will tell you that writing down your goals makes them become a reality.

3. Keep track of your experiences.

The process of creating a retirement bucket list can be inspirational. It gives you time to figure out what makes you happy and what your likes and dislikes are.

While you may not achieve every item on your bucket list, you will definitely complete some. Fitting more hobbies, adventures, and fun into your lifestyle can be beneficial for your happiness in retirement. These are the experiences you may remember the most in your life.

4. Explore and learn something new.

Exploring new places and learning something new can be an exciting experience. Exploring will teach you more about yourself.

When you make a list of all the things you would like to do and all places you want to visit, this activity will make you more aware of what is really important to you. Making your retirement bucket list can help you find perspective on how you currently living your life and what you would like to be doing.

5. Create excitement in your life.

Simply put creating your retirement bucket list can be fun.

Sharing the list with your family and friends, updating the list over time, and then checking off experiences, can be ways to enjoy life more and share the fun with your loved ones.

How to Create a Retirement Bucket List.

Now that you know you need to create your own bucket list, how do you go about it?

Generally speaking, a bucket list is a list of the top things you want to do before you die. This can include places to travel, new skills to learn, people to help, and anything else that matters to you personally.

Visualize what you want.

A retirement bucket list makes you start thinking about what is important to you.

Take time and reflect on everything you want to learn, explore, and experience in your retirement years. Start writing down whatever comes to your mind. It does not have to be all amazing once-in-a-lifetime experiences.

Making a bucket list is a time for you to dream big and think about what you really want out of retirement life. This list is to remind you to live every day to the fullest.

Think about this:

  • What do you want to learn?
  • What places or countries do you want to visit?
  • What is meaningful to you in life?
  • What new things do you want to do?

Create a plan of action.

After you put your dreams on paper, start thinking about how to accomplish them.

It is so easy to make a bucket list and then do nothing about it. That is why you need to stay focused and write down the timeframe. The time frame cannot be “before I die”.

You need to be realistic and have some sort of idea for your deadline. For example, a list of things you wish to do before you turn 70, before the end of this year, or before this summer ends.

a couple in a studio - retirement bucket list - new hobbies

Here I want to share 40 ideas you can add to your retirement bucket list. This list is divided into different and helpful categories like traveling, experience, skills, and hobbies so you can create your own retirement list.

Retirement bucket list Ideas for traveling:

  1. Travel to Africa and go on a safari.

2. Travel to Egypt, visit the pyramids and take a boat ride along the Nile River.

3. Take a trip to Japan for cherry blossoms festival.

4. Visit Machu Picchu in Peru.

5. Climb on top of the hill and visit a Neuschwanstein Castle in Germany.

6. Drive around Ring Road in Iceland.

7. Visit Australia and go snorkeling in the Great Barrier Reef.

8. Fly to your honeymoon destination.

9. Explore Venice by gondola.

10. Take an unplanned flight to your favorite city.

11. Spend one night in an ice hotel (Hotel de Glace) in Quebec, Canada.

12. Drive the Pacific Coast Highway in California.

13. Go on a cruise around the world.

Retirement bucket list ideas for unique experiences:

14. Take scuba diving lessons or go snorkeling.

15. Learn to go horseback riding.

16. Participate in a baby sea turtle release.

17. Ride on a camel.

18. Go camping and fishing. Take your family with you to make it a great experience.

19. Drive a race car.

20. Take a helicopter tour.

21. Experience a hot air balloon ride.

22. Canoe or kayak along the Maine coast.

Retirement bucket list ideas for learning new skills:

23. Learn how to sail or learn a new water sport.

24. Take salsa (tango) dancing lessons together.

25. Learn new digital skills. Open an Instagram, Pinterest or a Twitter account.

26. Start (or join) a book club.

27. Learn how to be a photographer.

28. Take a cooking or baking class.

29. Learn a new language and write a poem.

30. Write and publish an e-book.

31. Start a blog and learn how to be a blogger.

32. Learn how to paint or take a pottery class.

33. Learn how to play a musical instrument.

Retirement bucket list ideas for starting a new hobby:

34. Start a vegetable garden.

35. Learn to cook gourmet meals.

36. Start a couples’ book club.

37. Create a scrapbook of your life together.

38. Start a food photography blog.

39. Assemble your own cookbook.

40. Explore local museums and art galleries together.

Final thoughts

You only live once. And when you look back you do not want to remember only working, cooking, cleaning, and rushing to complete your chores for the day. It is so easy to get caught up in life and responsibilities that you truly forget to live.

Making a retirement bucket list is a time for you to dream big and think about what you really want out of life.

Related Articles:

  • How to Organize Your Time in Retirement
  • How to Adjust to an Empty Nest Lifestyle
  • How to Travel on a Budget in Retirement
  • Finding Your Purpose in Life in Retirement
  • 15 Ideas on What to Do in Retirement

Do you have a retirement bucket list?

Like this post? Share it if it helped you!

Filed Under: Lifestyle, Retirement Living Tagged With: create a retirement bucket list, hobbies in retirement, learn new skills in retirement, purpose in retirement life, retirement bucket list, retirement lifestyle, travel in retirement

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Hi, I'm Maggie. Welcome to Save, Invest & Retire! I am on a mission to help baby boomers learn how to save & invest smart. Follow me on detailed information about retirement planning, travels, and living the life of your dreams.

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