Is retirement just around the corner? If so, there is no better time to start putting a list together of all the things you need to do, otherwise you could find overlooking some important considerations.
Retirement should be the ideal time to start taking life easy, but it’s likely that you will only find this possible if you have sat down and thought carefully about what you want to achieve.
Here are some ideas of things you might want to put on your to-do list during the transition to retirement.
1. Get advice
Seeking retirement advice is a good idea for anyone who is finishing work permanently – you might think you know it all, but the chances are this will not be the case!
Speaking to friends and family who have retired is a good place to start – ask them where they sought advice from and whether they have any handy hints and tips.
Professional advice is, however, invaluable during this stage of your life. An expert will be able to assess your situation objectively and give the best possible recommendations.
2. Set yourself goals
Many retirees have a long list of goals they want to achieve now they have finished work.
Writing down a list of what these things are is a good way to keep yourself focused – perhaps think about ranking them in terms of how important they are to you.
If these objectives are likely to incur significant expense – such as travelling around the world – then make sure the list is accompanied by a financial plan of how you will achieve them.
3. See what benefits you are entitled to
Retirees may discover they are entitled to all sorts of benefits they had not even considered – make sure you allocate the time to discovering what they are, as they could help boost your income.
4. Get into the retirement mind-set
Although the thought of no longer going to work can seem appealing at first, the truth is that many retirees find it difficult to adjust.
As a result, you might want to think about how you are going to cope with the transition to retirement on a personal level – is there any way you can adjust to the new routine?
This is another perfect opportunity to speak to anyone you know who has already retired, as they can offer guidance on how to cope.