Relax and take a deep breath. Searching online for retirement planning tips may be a stressful necessity, but having a clear and positive mindset will greatly reward you in accomplishing your retirement dreams and desires. FreeMedSuppQuotes would like you and other readers to see the planning stage as a phase not filled with risks. Instead, by placing the rewards as a priority, you can set goals to motivate yourself to commit to your plans.
Also, we need your help in creating efficient and practical retirement planning tips and strategies. Let us know if you have any comments or suggestions on how one should prepare for the golden years. Let’s collaborate in creating something beautiful for the retirement years – we all deserve one!
For the majority of the Baby Boomer population in the country, the retirement years are dark. According to a report conducted by the Insured Retirement Institute (IRI) last year, 45% of respondents who belong in the ages of 65 years and above weren’t able to save any money at all for their retirement. To cope with the expected costs in retirement, 59% of the respondents stated that they would rely heavily on Social Security.
Dark times, indeed, loom ahead for most of us. But you can still make a difference. It all boils down to having a positive mindset to plan ahead for the future. Think of positivity as a lamp to illuminate the darkness of the retirement phase of one’s life, in order to bring some light into the twilight years.
The Importance of Happiness
Sans the financial problems the IRI’s study revealed, the retirement years is still a time to treasure and be happy. According to the National Bureau of Economic Research, 70% of individuals in the retirement phase of their lives have reported that golden years have introduced new and more fulfilling experiences. Additionally, 80% of the respondents said that they now have more time to enjoy themselves.
It can’t be stressed enough that proper retirement planning is needed in order to increase one’s odds of happiness during the twilight years. Instead of focusing on the financial aspect, there are more to life than wallowing into dark thoughts of health care and miscellaneous retirement expenses.
Do take note that we aren’t pushing an unrealistic take on preparing – FreeMedSuppQuotes would just want to highly encourage readers of the benefits one can have with a positive mindset. J
As such, here are two important goals that you will allow you to inject some much-needed happiness in retirement planning:
Deciding to keep fit even before the retirement years will condition both your mind and body towards a happier future. Sticking to a workout regimen (even if it’s a simple as a few stretches or a walk around the block) will give you the energy boost needed to face all sorts of problems. Enrolling in a gym program isn’t even a risk for Baby Boomers – the gym is a great venue for both staying fit and meeting new friends!
The World is Your Oyster
Set a goal that you’ll travel during retirement before you say that it’s “too expensive” or “I’m too old to travel.” With a lifetime spent on work and other responsibilities, don’t you think you deserve something as grand as exploring and discovering the many wonders this world has to offer? Travel is an excellent motivational goal to look forward to, and it does offer benefits for a retiree. A significant benefit that travel provides is that it may provide you a sense of purpose and meaning during the golden years. Being at a certain age doesn’t mean you have to limit yourself on how society expects you to behave. Through travel, you can instill that childlike wonder of learning new cultures and practices – perfect for making the most out of the time you will have during retirement.
The Rewards of Looking for the Best Insurance Coverage
Happy retirement planning can also be attained through the right insurance. Medicare supplements (also known as Medigap) are insurance policies designed to help individuals pay for out-of-pocket expenses found in Original Medicare plans. Addressing these often unexpected and expensive costs allows one to secure their retirement funds. And with a nest egg protected by a Medigap plan, one can truly enjoy the golden years.
The thing with insurance, which most individuals would often have in mind, that these policies are a risk. Unlike other insurance policies, enrolling in a Medigap plan is a reward in itself. Private insurance companies sell Medicare supplements, which allow applicants the convenience to first to learn more and then shop for a plan that will fit their budgets. Also, there are ten standardized plans to choose from, which mean that there is a plan available to address a potential policyholder’s unique needs and circumstances directly.
In the End, It’s All About Making the Most…
…out of time to be spent with family, friends, and yourself. More than the risks one may face during retirement planning, looking forward to the rewards will allow one to shift his or her perspective in life. Even before the actual retirement phase, a positive mindset will eventually make you see that retirement isn’t that dark as it’s supposed (or claimed) to be. You have the power to control how your golden years should be. We wish you luck and hope in making your retirement plans happen!