Tuesday, March 17, 2015

5 Retirement Nightmares To Avoid



When people think of retirement, free time for fun, hobbies and relaxation comes to mind. Although these are parts of a typical retirement, unfortunately, there can also negative aspects.
With aging comes deterioration of health. With that said, some people experience medical conditions even before they can pay off their homes.

Retirement can be enjoyable if you can identify the five nightmares that can ruin it for you sooner.

Here are five retirement nightmares to avoid:

  1. Getting Bored
Having more free time is a good thing, however, having too much free time will get you bored and even depressed.
The sharp change in routines, from working for many years then a sudden halt, can be difficult to adjust to.
A time-tested way to combat boredom is to seek out friends and people to spend time with, to learn new hobbies, and to remain active on your own or socially.

  1. Feeling of Loss
Retirement can be a time of loss in many ways. It begins with letting go of your job which leaves you missing professional relationships and work friends you made. From working regularly to working less or not at all may leave you with a feeling of loss.
Loss can be difficult for anyone to handle, but getting reconnected with loved ones will help. Loss will always hurt but understanding that it is a normal part of life and talking to a professional if you need to can help.

  1. Feeling Less Important or Unimportant
Aside from lessening your work hours or retiring completely and leave you feeling a great loss, it can also make you feel less important.
If you are used to people from work depending on you on a regular basis, it can be strange to no longer receive calls or emails.
Even if some of these incidences might have been annoying on a regular basis, they make all of us feel important, and we miss the feeling when they disappear.
Joining a hobby group such as bikers, runners, or even signing up for a gym membership, can help you find the attachment you may have missed from your former colleagues.

  1. Changing Health Conditions
Health issues can happen at any point during our lives, but along with aging, our bodies degenerate, and we become at more risk at experiencing more health issues.
Such health conditions may even leave you unable to do the same amount of physical or mental tasks you used to.
Prioritizing your health can help prevent such conditions and risks. Engage in exercise regularly in order to stay healthy, eat well, and see your doctor regularly.

  1. Having Critically Limited Resources
Expenses increase and unexpected emergencies can derail a retirement budget. Having insufficient funds can make living comfortably difficult during retirement. The best way you can prepare for retirement is to save as soon and as much as possible.
If you are already retired and find that you don’t have enough resources, you may need to make some changes. Find out where you can cut costs, and if necessary, get professional help managing your money. Consider a part-time job for extra income.

Retirement typically includes many of the best years of a person’s life, however, when you have to face any of these five retirement nightmares, the pleasures of retirement can be greatly decreased.

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