Retirement Advice Featured Article

Senior Citizen Retirement Advice To Keep You Active

We’re often advised to get some retirement advice when it’s time to give up work and start drawing our pension. There are plenty of different things that you have to think about and options that you have when it comes to retirement living. This is obviously a positive thing but at the same time can result in making the process a little overwhelming. If you are a senior citizen at retirement age, then there are a few steps you are going to want to take.

Some important retirement advice that can be of great benefit to us in our golden years concerns the needs and benefits of staying active. Many of us look forward to the time when we can stop working and start relaxing more. Firstly you need to find out where you stand financially. If you have a retirement savings account, then good for you, and if not, there are other options that are available to you.

But if we have had an active job and been used to getting a good amount of daily exercise, it can be all too easy to let that slip once we finish work.  Maintaining our good health is even more important as we get older, and if we want to enjoy our retirement years to the full, we should take the retirement advice that tells us to keep active.

Giving up work means you will have a lot of extra time to fill.  It’s nice to relax and enjoy it at first, but eventually the boredom will set in.  Creating a regular routine which includes activities and exercise will help to keep a structure to your life, albeit a more relaxed one.

The next step is to compare and contrast between the various options that are available to keep us feeling healthy and vibrant. Look at specific things such as your diet and activities that are around where you live,

A good piece of retirement advice is to arrange activities with friends of a similar age.  Not only is this good for your social life, it will also ensure you stick to whatever kind of exercise you decide on.

Some people choose to carry on working past their retirement.  Many older people continue in a part time position to top up their pensions.  Others work a few hours a week in a voluntary capacity, while some take on a completely different job to the kind they had been used to.

A recent article reported a group of retirees who were working part time collecting lost golf balls on their local golf course.  A strange job perhaps, but it is a job that gives you regular exercise, a social life and some extra cash to boot. Everyone is different so now is the time to start looking at all the retirement advice around and decided you are going to spend your retirement.

Some people feel that when they retire they suddenly become old and redundant, but this is far from the truth.  Having hobbies and activities that keep you mentally stimulated each day will help make your retirement an enjoyment and not a burden.

Make a list of all the things you’ve wanted to do over the years and never found the time for because of work.  Now is the time to start crossing those items off!  This is one of the most important aspects of retirement – keeping your brain stimulated and enjoying every day of your new found freedom as it comes.

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July 29, 2010

Financial Storm Hits Young Millionaires

Baby boomers who became millionaires during the advent of the 21st century had looked forward to early retirement even though they were only in their late 40’s and early 50’s. But those plans have been blown to dust by the financial storm sweeping the country… the worst man-made disaster of our lifetimes.
Their stock options are underwater and their retirement accounts are cut in half at the same time they’re saddled with jumbo mortgages. In the San Francisco area, their multimillion dollar homes scattered among the bright green hills can’t be sold because most of the buyers are downsizing. Reluctant to downsize, even though their 5000 square foot super-sized “Mac Mansions” are ridiculously spacious for two people, they’ re determined to hunker down and wait out the storm.
Retirement in Maui, Aspen or La Jolla seems a distant dream. If the downturn continues and housing values and stocks rot, retirement will become even more difficult. Mark Robinson, 50, Sr. Vice President at Colliers said, “business has never been so slow in my 20 years in the industry… and I planned to retire this year.” But he expects the recession to pass relatively quickly. […]

Full Article At: KnowHow-Now.com Articles

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July 28, 2010

BUSINESS PASSION KEEPS UK ENTREPRENEURS WORKING PAST RETIREMENT

Reaching retirement age doesn0t mean DIY projects or leisurely gardening time for the UK0s eager entrepreneurs as passion for their businesses keeps them driven well into later life. New research(1) from Alliance & Leicester Commercial Bank shows that nearly a quarter (23%) of small business owners admit to putting off retirement because they enjoy running their business too much and almost one in ten (9%) say they worry how they would fill their days when they do eventually decide to retire. A massive one in five (21%) say they have no plans to retire at all.
Over half (55%) of small business owners plan to work well beyond the age of 65, compared to less than a third (31%) of the working population(2) as a whole. When they do eventually retire, many entrepreneurs expect that their business will go with them, with two fifths (40%) planning to close it down. Only one in five (20%) intend to sell-up and any relatives hoping to cash in on business success will be left disappointed as just 5% plan to hand their empire over to children or other family members.
Steve Jennings, Director Business Management & Strategy at Alliance & Leicester […]

Full Article At: KnowHow-Now.com Articles

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