submitted by TD Waterhouse Private Investment
Planning properly is often the key to success, no matter what your goal is. !
1. Timing – for a smooth transition, move gradually into retirement.
2. Keeping interested — stay active in what interests you: hobbies, a sideline business, charities, etc.
3. Finding a passion — consider volunteer work to replace the emotional and personal fulfillment your career has provided.
4. Trying it out — if you’re thinking of relocating, try it on a trial basis first, to make sure it’s the right decision for you.
Once you’ve decided what you want, you may want to ease into it slowly, because sudden changes — even positive ones — can be stressful.
Stay Active in your health and the community
Today’s retirees are generally healthier and more active than previous generations. In fact, many people look forward to the freedom from work responsibilities, so that they can devote their time to personal interests, whether that’s a hobby, a second career, or charitable work.
As you prepare for your retirement lifestyle, look for a role and activities that could replace those aspects of your job and career that you find most fulfilling. Many people find it stimulating and rewarding to do volunteer or paid part-time work after they retire that allows them to contribute their knowledge and skills.
Why not test drive the new lifestyle or home base
Retirement will also give you more time for travel, as well as for recreational, social, cultural, and educational activities. You may want to try out different aspects of your retirement lifestyle by getting more involved in some of your favourite activities and pursuing new interests before committing to any one activity or organization for the long term.
If you are considering moving, be sure to take your time and assess the choices that are available. This is especially important if you are thinking of relocating to another community, province, or country. It’s a good idea to stay there for an extended period on a trial basis so that you can really experience the lifestyle there and make an informed decision.
Successful retirement involves more than simply ensuring that you’ll have enough money to do what you want. It’s also important to visualize a lifestyle that you would find stimulating. Plan on it!!
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