What does your ideal retirement look like? There’s a lot of factors to think about when you’re deciding where to spend your life in retirement, who you want to spend it with, and what you want to do. A successful retirement requires having the appropriate pre-retirement mindset, which is why it’s important that you get started on your financial plan to see whether you’re on the right track to retiring on your terms. One of the biggest factors that goes into your overall retirement planning strategy is the kind of lifestyle that you want to live. We’ve outlined three of some of the most basic retirement lifestyles for you to check out, and to see which ones (or a combination of) may best fit you and your unique situation.
If you’re a traveler, you’ve likely already been to many National Parks and/or have ventured across Europe or Asia during your youth. Now that you have more time on your hands, you’re probably looking to expand your horizons and soak in new destinations. Perhaps you’ll want to look into subscribing to the National Geographic Traveler or Travel and Leisure Magazine to get some new ideas. Who knows, you may end up on a Safari cruising your way down the Amazon river.
Or maybe you’re a loafer, with a type-B personality. By no means is it a bad thing to want to spend hours watching TV, reading a book, or listening to your favorite music. If you’re happy and comfortable hanging around the house, then don’t feel bad about doing it! You’ve spend your entire career working hard to earn enough money to retire, and now is the time to enjoy life while doing the things you want to do.
In the end, maybe you just want to be a professional grandparent. You can go to all of their school activities and sports, pick them up and play with them after school, or head over on a Friday night to babysit. If you live close-by to grandkids, then you may find no greater joy in life than spending that quality time with your family.
The widely known phrase, “Life is short” has never had more meaning then when you enter your first day of retirement. As you age and your health slowly begins to deteriorate, you’ll think back to that first day you woke up without an alarm clock, and remember all the wonderful joys of life you got to enjoy. If you’re not sure that your retirement is on the right track, then Click HERE to request your complimentary, no obligation financial review where we can discuss your goals and the ways in which we can help you achieve them.