In the UK, there are just under nine million people aged seventy or older. What’s more, those people are enjoying better quality of life than the septuagenarians of a few decades ago. Figuring out how to get the best out of your retirement requires a little bit of advance planning, and the right approach will vary from person to person.
If you’re wondering about how you’re going to far when you decide to leave the world of work, it’s worth considering a few strategies.
Cutting Down Gradually
As you approach the end of your working life, you might decide that you want to transition gradually into retirement, to avoid the sudden shock of having lots and lots of free time available. You might ask your employer to cut your hours, or take up a part-time position elsewhere, or work remotely.
Find a Purpose
If you think of retirement as a holiday that lasts for years on end, then you might find that things get dull very quickly. If you’re approaching it as an opportunity to do something, then you’ll be able to fill up the hours of the day, and get that deep, spiritual satisfaction that you get from the best kinds of job.
Many retirees end up taking up voluntary positions in the charity sector, and thereby give a little bit back to the wider world. Others decide that retirement is an opportunity to take up a new hobby, or return to one that’s been neglected for too long.
Get your finances in check
Financial security will afford you the peace of mind that you need to enjoy your retirement. If you have uncertainty looming over your head, then you’re going to have a difficult time thinking about anything else.
Again, you’ll have several options available to you when it comes to looking after your finances. You might elect to downsize by moving to a smaller property and pocketing the profits. On the other hand, you might also consider an equity-release mortgage, if you house is over a certain value.
Eat Well and Exercise Regularly
As you get older, you’ll need to take better care of your physical health – which in turn will help you to take care of your mental health. This means maintaining the right habits when it comes to diet and exercise. Your exercise regimen should be low-impact, with plenty of walking involved – but you shouldn’t neglect the value of things like weight-training.
Gyms and exercise classes tend to offer discount rates to senior citizens. Look for places where you’ll be able to get a sense of community and encouragement – that way, you’ll be more likely to enjoy (and stick with) your chosen pastime.