Mixed Bag

5 Things Women need to Know about Retirement

(Source: talkingcents.consumercredit.com)
Written by Maanasi

(Source: talkingcents.consumercredit.com)

When people hear the word ‘retirement’ different images come to mind. Some may think about spending time with their family or taking long leisurely walks on the beach, while others may see retirement as the end of the world. Different people have different perception and feeling about retirement.

If you are nearing retirement, or even if you are not, it is good to prepare for retirement. This will help to make the transition from working life to retired life easier and when your retirement actually comes, you will be ready to embrace it with joy and happiness.

Tips to Prepare for Retirement

Here are some tips that will help you prepare for retirement:

  • Make an Itinerary: When you retire, you will have a lot of free time on your hands that you will not know how to utilize. The best way to use this spare time is by making an itinerary. Take a hypothetical week and fill out what time you will have your meals, the time you will spend with your loved ones and the time you will spend working in your yard. Having this itinerary will prove to be very useful when you retire.
  • Build Your Social Network: For most people, work is where all their friends and acquaintances are. So when they retire, they also end up losing their social network. This can be depressing and upsetting. Hence, people should look to build a social network outside their workplace 2 to 3 years before retirement. This will ensure that you still have friends even after you stop working; and you will be able to call on them for support to help you move from a working life to retired life.
  • Begin Doing the Things You Have Always Wanted To: Instead of waiting for retirement to do the things that you wanted to, start doing them a few months or even a year before retirement. You can think about becoming a volunteer at your local community center. This will not only help you serve your community, it will also allow you to make connections with people outside your workplace. Gradually, as retirement approaches, you can increase the time you spend at the community center. It will help you prepare for retirement in a much better manner.
  • Speak Out: Many times spouses do not talk about their impending retirement. You should not do the same. Speak to your spouse and plan your goal for retirement together. This way you will know what your spouse wants and vice versa, and you can then sit down and make a plan that encompasses both your objectives and goals post-retirement.
  • Try to Phase Your Retirement: Speak to your boss and see whether you can start your retirement process gradually. This means cutting down your working hours in a phased manner. This can take a lot of pressure off you, and it will allow you to accept your retirement in a dignified manner. In addition, if you can phase out your retirement, you will be able to add to your retirement fund and this will go a long way in helping you out when your salary stops after retirement.

(Source: www.mainstreet.com)(Source: www.mainstreet.com) 

No doubt it is difficult to retire and transition from working to staying at home. However, if you prepare for retirement, you will be able to make that transition seamlessly and will be ready for it.

5 Things Women need to Know about Retirementhttp://mystictreasuretrove.com/wp-content/uploads/2015/09/woman-save-money1-1024x804.jpghttp://mystictreasuretrove.com/wp-content/uploads/2015/09/woman-save-money1-150x150.jpg Maanasi Mixed Bag,,
When people hear the word ‘retirement’ different images come to mind. Some may think about spending time with their family or taking long leisurely walks on the beach, while others may see retirement as the end of the world. Different people have different perception and feeling about retirement. If you...
When people hear the word ‘retirement’ different images come to mind. Some may think about spending time with their family or taking long leisurely walks on the beach, while others may see retirement as the end of the world. Different people have different perception and feeling about retirement. If you are nearing retirement, or even if you are not, it is good to prepare for retirement. This will help to make the transition from working life to retired life easier and when your retirement actually comes, you will be ready to embrace it with joy and happiness. <strong>Tips to Prepare for Retirement</strong> Here are some tips that will help you prepare for retirement: <ul> <li><strong>Make an Itinerary:</strong> When you retire, you will have a lot of free time on your hands that you will not know how to utilize. The best way to use this spare time is by making an itinerary. Take a hypothetical week and fill out what time you will have your meals, the time you will spend with your loved ones and the time you will spend working in your yard. Having this itinerary will prove to be very useful when you retire.</li> <li><strong>Build Your Social Network:</strong> For most people, work is where all their friends and acquaintances are. So when they retire, they also end up losing their social network. This can be depressing and upsetting. Hence, people should look to build a social network outside their workplace 2 to 3 years before retirement. This will ensure that you still have friends even after you stop working; and you will be able to call on them for support to help you move from a working life to retired life.</li> <li><strong>Begin Doing the Things You Have Always Wanted To</strong>: Instead of waiting for retirement to do the things that you wanted to, start doing them a few months or even a year before retirement. You can think about becoming a volunteer at your local community center. This will not only help you serve your community, it will also allow you to make connections with people outside your workplace. Gradually, as retirement approaches, you can increase the time you spend at the community center. It will help you prepare for retirement in a much better manner.</li> <li><strong>Speak Out:</strong> Many times spouses do not talk about their impending retirement. You should not do the same. Speak to your spouse and plan your goal for retirement together. This way you will know what your spouse wants and vice versa, and you can then sit down and make a plan that encompasses both your objectives and goals post-retirement.</li> <li><strong>Try to Phase Your Retirement:</strong> Speak to your boss and see whether you can start your retirement process gradually. This means cutting down your working hours in a phased manner. This can take a lot of pressure off you, and it will allow you to accept your retirement in a dignified manner. In addition, if you can phase out your retirement, you will be able to add to your retirement fund and this will go a long way in helping you out when your salary stops after retirement.</li> </ul> <strong><a href="http://mystictreasuretrove.com/wp-content/uploads/2015/09/seniorretirementadvisor.jpg"><img class=" wp-image-992" src="http://mystictreasuretrove.com/wp-content/uploads/2015/09/seniorretirementadvisor.jpg" alt="(Source: www.mainstreet.com)" width="672" height="448" /></a>(Source: www.mainstreet.com) </strong> No doubt it is difficult to retire and transition from working to staying at home. However, if you prepare for retirement, you will be able to make that transition seamlessly and will be ready for it.

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Maanasi

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