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How To Retire With Ease

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Are you ready to retire?

Your retirement plans are already sorted and you are about ready to celebrate all the years of hard work that you put into your career. But are you really ready to retire? It is not easy to transition from working 40+ hours a week to a lifetime of “Saturdays.”

Here are a list of tips that can help make easing into this new milestone in your life an easier and more rewarding one.

1. Test the waters.

Some retirees find it difficult to transition from a fast paced job to “doing nothing” all day. Check with your employer to see if there is a possibility to semi-retire, by cutting back your hours or look for a part-time job to make the move to retirement easier. This can also help you with your income, as you are still earning money to help fund even more of your retirement. Having a semi-retirement can make the transition from full-time worker to full-time retiree a smooth one as you test out what works for you.

2. Talk to your spouse.

You and your spouse may have had discussions about retirement, but maybe there are some issues that you may have missed. Are you both retiring at the same time? Will one take the lead and retire first? What are your expectations when you retire? Some couples may find that even though they have been compatible most of their lives, that once retirement hits, one person may feel the need to always be on the go, and the other may just want to take the time to relax and rest. Whatever the case is, it is important for couples to make sure they are ready to make compromises as they enter this new milestone in their lives.

3. Visit your doctor.

It is very important to visit your doctor for a check-up prior to retiring to make sure you are healthy. It is important to make sure that you are retiring healthy so that you can remain active during your retirement years. You want to make sure that you are focused on a fun-filled post-career life.

4. Plan ahead.

Before you retire, think of what hobbies or activities that you want to take part in during your retirement years. Do you want to spend your time boating? Do you want to invest in obtaining a new degree? Or do you want to pick up a paintbrush and create masterpieces? This is the time to make your dreams come true and you will want to be sure that you are able to fund these activities and hobbies during your retirement.

5. Create goals.

In your pre-retirement phase, it is important that you make sure you have goals lined out for your retirement. What is it that you want to accomplish? Do you want to travel abroad? Do you want to start a business? Some of your goals will cost you money and you want to make sure that your savings are prepared to match your retirement goals.

6. Consider other financial alternatives.

The transition into becoming a retiree can be a stressful one, especially dealing with finances, and determining how you can achieve your post-career goals. Reverse mortgages can be a solution to improve your quality of life during a retirement. With your reverse mortgage, instead of making monthly payments to the lender, you are receiving payments which can be used to help make your retirement easier. If you are worried about the cost of long-term health insurance or you are looking for a reliable car that can last through your retirement, a reverse mortgage can assist you with the payments. To learn more about reverse mortgages, speak with an advisor at 1-888-808-8486.

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Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net

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