For years, retirees have dreamed about the day they would finally retire. Whether it’s traveling the world or simply having the time to enjoy the things you love, there are countless ways to spend retirement.
With life expectancies growing longer, it is especially important to live within your means and spread your savings throughout retirement. For many, long term care and retirement communities will need to be included in the plans. The cost of these retirement communities can be covered through a variety of ways including: personal savings, veteran’s benefits, home equity, Medicaid, long term care insurance or a reverse mortgage. The retirement readiness calculator from US News can help you calculate how long your income and retirement savings will last. (http://money.usnews.com/money/personal-finance/features/calculator)
Though retirement can be exciting, it can leave many wondering what to do with their idle hands. Here are a few ideas to help you have fun and add purpose to your retirement:
Not only does volunteering help your community, but it can also be personally rewarding. Whether it is a church, charity or local school, there are many outlets in need of assistance. Contact the organization to see how you can contribute.
Get a Part Time Job:
While it is nice to have the freedom to enjoy activities, a part time job is a great way to spend your time and help to increase your savings through retirement years. Many companies will appreciate the help from a friendly personality. A part time job with benefits can also help a senior living without insurance.
Remodeling your home will not only occupy your time, but it can help to increase the value of your home. The added increase in value can be beneficial when the time comes to downsize or move into a retirement community like Regency.
Go into Public Service:
Though you may not have had the time before, retirement years can be a wonderful time to serve your community and speak up for others. From serving in a civic club, running for office or writing letters to your state representatives, there are countless ways to serve in the community.
We all know seniors are a wealth of knowledge. With numerous life lessons under their belts, their experience can be a wonderful teacher. Sharing your stories and mentoring can be a great helper to younger generations.
Learn a New Skill:
There is no such thing as being too old to learn a new skill. If you have a hobby that has always peaked your interest or if there is something new you would like to learn, now is the perfect opportunity. Whether it is learning a new language or simply learning to knit, the world is your oyster.
One of the top dreams of retirement years are seeing the sights and traveling the world. Though you may not be able to travel the continents and see the Seven Wonders, there are a variety of other options perfectly suited to your budget. From visiting family to taking in the attractions of your area. There are plenty of adventures awaiting.
You don’t have to have an art degree to be creative. Express yourself through painting, gardening, crafting or playing an instrument. There is no need to be a professional to enjoy being creative.
Though there may be more physical limitations during your senior years, there are still a number of fulfilling activities. From a trip to the gym, a walk outside or a game of cards with friends, recreation is always enjoyable.
Consume the Classics:
Whether it’s curling up with a good book or spending hours catching up on your favorite shows, you have plenty of time to be entertained. With thousands of titles at your local library and affordable tv and movie services like Netflix, you can enjoy the classics without breaking the bank.
There is no time like the present to enjoy your golden years of retirement. No matter the activity, take time to truly enjoy the things you love.