Friday, 11 October 2013

Have you planned your retirement?

Image credit: Flickr

While it can be very easy to worry about your retirement, it’s one of those things that can be better solved by tackling it straight on and planning well in advance. Whilst it can be easy to stress, giving yourself as much time as possible will be more beneficial in the long run, as you can plan more effectively.

Choosing your potential home is also a major factor, whilst you will always need to plan out your money. Likewise, don't forget to find time to enjoy yourself. If you take time to remember the benefits and free time involved in retirement, it might help you worry a little less too!


First of all, you need somewhere suitable to live. Your current home or apartment may not be right for your retirement. If you live in a flat, stairs can often be a problem whilst family homes can simply be too big to manage. Likewise, you should consider the safety and security of where you live as you get older.

Instead, a retirement apartment could easily be recommended. This offers enough space to be comfortable, yet in a secure area where additional health assistance is available.


Money will also be important, as it's one of the features that arguably define retirement. You'll be living off of your pensions and savings, so it helps to plan ahead and work out a budget.

Similarly, if you're looking for ways to generate additional money, you may want to look into saving more and other additional schemes. Equity release, for instance, can be used to generate money from your home. This can be useful if you want additional money to last your retirement or simply want to sell the house to get cash for a more appropriate retirement property.

Things to Do

Finally, don't forget that retirement is also a prime opportunity to enjoy yourself. If you're stuck for ideas, it helps to do a little bit of research. If you can get online, look at the tweets from McCarthy & Stone often highlight potential activities, useful links and competitions worth entering. Similar sources and feeds can also keep you updated on the latest news so that you’re never left behind.

Additionally, don't forget the power of a local community. Not only can you make close friends within your area but there is also the potential to keep an eye on local events and join group activities and outings. This should help make any retirement much more fun.

Don't forget that, as important as it is to sort out the important factors, you need to remember to enjoy yourself too. After all, retirement is about living life, so always make room to relax and do the things you want to do when you can.

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