You might remember the TV series the Golden Girls. Four previously married, older ladies, living together and enjoying themselves in their retirement. They show us all that our golden years really can be golden! Our time to kick back and relax, enjoy some cocktails and take life at a slower pace. However, if we are to enjoy those golden years then we need to make sure that we are prepared financially and mentally. Here is what we need to be thinking about NOW before we make the most of those golden years. This isn’t us being morbid, it’s just us getting ourselves into the right place financially and mentally.. We work hard for the majority of our life, so we want to make sure that we can enjoy our retirement in style! It really is never too early to be thinking about our retirement, it could be argued that we should even be thinking about our retirement in our twenties, yes, really! What should we be doing now so that we can have a retirement of riches?
Make A Bucket List
We need to focus now so that we have no regrets later in life! We should make a bucket list for all of the places we want to see before it’s too late. On your list you could have something something relatively simple like watching the sunset, through to climbing Mount Everest. If it’s your dream to do it then it needs to be on there. You need to start ticking everything off that bucket list NOW!
You want to be living your retirement out in style so you really need to start saving now. Make a spreadsheet and work out how much you can afford to save on a yearly basis.
Work Out NOW
Exercise on a daily basis. If you take care of yourself now, then you will be in a better place physically when you hit retirement. You really want to be in peak condition when you hit your retirement. Some scientists also believes that if you exercise regularly it will help your brain regenerate and keep you mentally sharp. We want to be in peak condition if our dream is to travel the world during our retirement. You could even get planning for that round the world trip now. You can get fantastic round the world cruises which would allow you to see the world in style. Get saving and exercising now.
Write Your Will
You might feel young, fit and healthy and death might be the last thing on your mind, but you really need to start thinking about your will. If you have any assets then you need to make sure that you name your beneficiaries. You need a last will and testament. This will document what happens to your property, pets and children after you die. It will also state how you want your other assets to be divided. You should consult your lawyer who will be able to go to through this process with you. You could also use an online site like LegalZoom. Whatever you decide you will need to make sure that your will is legally binding and that means that you need to make sure that you have witnesses to sign the document. You also need to think about a living will. A living will states how you want healthcare-related issues dealing with when you’re still alive. You can find lots of websites with useful information on how to create a living will, and many of them will have a template that will help you create a living will. Topics that you might want to cover on your living will are pain relief, resuscitation and organ donation etc.
Research has shown that staying happy really is good for our health. Apparently happiness can help protect our heart. Happiness can help keep our heart rate and blood pressure lower. Happiness can also be good for our immune system and it can help combat stress. Finally, studies have shown that happiness really can help lengthen our life. A famous study into the life expectancy of Catholic nuns found that the nuns who were happier and more content were more likely to live an extra 7 to 10 years longer than the least happy nuns. Perhaps that saying “an apple a day keeps the doctor away” should be replaced with “a smile a day keeps the doctor away”.
Start planning now and you could be living the retirement of your dreams!