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Retirement is the perfect time to expand your horizons and explore your passions. Without the burden of work, you’re free to explore your own passions and hobbies like writing, painting, travel, or woodworking.
A well-planned budget can help your retirement dreams come true. Financial security in retirement gives you the freedom to do whatever you want, whenever you want to do it.
Some forward planning can help you save a few dollars, too. This will free up funds for exciting adventures in retirement like travel, opening your own workshop, or moving to a new state.
Retirement is a time for travel and exploration. You’ve worked hard and can reap the rewards of all that modern life has to offer. However, some destinations can be pricey. For example, a vacation in London will set you back an average of $370 per day — that’s before accounting for expenses like flights and international travel.
If you have a passion for travel but want to see the world on a budget, consider low-cost destinations like:
Vacationing in these destinations can cost under $1,000. Destinations like Lisbon and Granada have great travel links, too, meaning you can hop on a train and be in a new country within hours.
If you’re tech-savvy, you may want to pursue a new form of travel: virtual tourism. Virtual tourism in the metaverse is a great way to see the world from the comfort of your own home. You can even visit Pompeii of the past using VR goggles or go on personalized, immersive tours of the Vatican. You’ll need to buy or rent a headset first, but the outlay is minimal compared to flights, hotels, and currency conversion.
Retirement is an invitation to embrace a new, slower way of life. You don’t have to hustle at all hours of the day and you probably don’t need to take care of energetic young children. This may mean that your family home starts to feel a little too large for your current needs. There’s nothing wrong with downsizing your home and doing so can free up some capital to pursue your interests.
Make a clear moving budget before you decide to downsize your home. Start decluttering early and donate items you no longer want to local charities. Create a moving budget during this time and be sure to list services like movers, storage fees, and travel costs.
Assess the costs and challenges associated with a smaller space before you move in. It may cost less to run a smaller home, but what about unexpected costs like travel to see family and access to affordable healthcare providers? A smaller home should help you save for healthcare in retirement; it shouldn’t be a burden that derails your financial plan. Look for local community events, too, as you’ll want to meet new people and create a connection before you move.
You may not have had time to connect with your community during your career. However, as a retiree, your contribution to the community can make a meaningful difference to those around you. Connecting with community events is a budget-friendly way to meet new people and rediscover your purpose, too.
If your community is lacking engaging events, consider starting a community garden. Community gardens are ideal for retirees as you can meet in a safe space while enjoying the health benefits of being outside. Grow plants that are suited to your climate and USDA plant hardiness zone. If you’re new to growing plants, lean on your neighbors and allow them to show you the ropes.
If you don’t have a keen green thumb, consider joining a book club in your area. Book clubs support your brain health and help you make new friends. You’ll encounter some new opinions while reading popular titles today. This will help you step out of your comfort zone and gain new knowledge about the world around you.
Travel and moving are only possible if you understand your income. Before you book flights or start a community garden, you need to know how much retirement income you will earn later in life.
Most estimates suggest that you need to earn 80% of your pre-retirement income after your retirement. Most people receive retirement income from three sources:
These sources should give you a personal bottom line to work with. Work with a financial advisor to help close the retirement income gap and choose between 401(k) plans. Forward planning can help you live a fulfilling life even as you enter your later years.
Retirement can be surprisingly costly. However, with a clear financial plan, you can still see the world and pursue new hobbies. Consider cost-effective options like virtual tourism and community engagement events. Alternatively, you can start low-cost book clubs or downsize to free up some capital for use in later life.
Moving to a new home can be scary and stressful, especially for older people. But don't worry! Here are some easy ways to make moving day less scary and more fun.1. Pick the Right HomeFirst, choose a new home that feels good. Think about what you like. Do you want a garden view? Do you need help with cooking? Make sure your new home has what you need to be happy.2. Make ListsWrite down everything you need to do. This helps you remember important things. Start early and take your time. Don't rush!3. Choose Special ThingsWhen you move to a smaller home, you can't take everything. Pick the things that mean the most to you. It's okay to feel sad about leaving some things behind.4. Get Help from MoversHiring people to help you move can make things much easier. They know how to pack and move your stuff safely.5. Use Good BoxesUse boxes that stack well. Plastic boxes with lids are great because they're easy to pack and unpack.6. Say Goodbye to Your Old HomeHave a party to say goodbye to your old home. Take lots of pictures to remember it. This can help you feel better about moving.7. Think Happy ThoughtsMoving can be exciting! Think about all the fun new things you'll do in your new home. You might make new friends or try new activities.8. Pack a Special BagPack a bag with things you'll need right away in your new home. Put in things like:MedicineToothbrush and toothpastePajamasSnacks and waterThis way, you won't have to search through all your boxes on the first night.9. Make a Moving Day PlanPlan out your moving day. Know when you'll leave and when you should arrive at your new home. Don't forget to plan for breaks along the way.Remember, moving can be a big change, but it can also be the start of a great new adventure in your life!
When moving to a senior living community, it's important to know what to bring and what to leave behind. This guide will help you pack smart for your new home.Before You Start PackingVisit Your New Home: Take a look at how big your new space is.Talk to Residents: Ask people who already live there about what they brought and what they wish they had.Check with Staff: Find out what furniture and items the community provides and which items are not allowed.Involve Family: Let your family pick items they might want to keep, especially heirlooms.What to BringClothes and Personal ItemsEveryday clothesToiletries like toothbrush and shampooMedicationsMobility aids, like walkers or canesSpecial ItemsPhotos and artwork that you loveSmall mementos that make you feel at homeFurniture (if there's room)A comfortable chairA small table or nightstandA bed (if not provided)Lamps for lightingOther Important ThingsBedding and blanketsKitchen items if you have a small kitchen areaTV or radio (if allowed)Pet supplies if pets are permittedWhat Not to BringExpensive jewelry or valuable items that could be lost or damagedClothes you no longer wearLarge furniture pieces that won't fitBig appliances that the community providesHeaters or air conditioners that may not be allowedLarge rugs that could be a tripping hazardRemember, your new home will be smaller, so you'll need to choose carefully what to bring. It's perfectly okay to ask for help from family or friends if packing feels overwhelming.
5 Benefits of Working After Retirement Retirement is often seen as a time to relax and enjoy the fruits of your labor. However, for many individuals, this phase can bring a longing for new experiences and meaningful hobbies. Its no surprise that in recent years, there has been a noticeable trend of older adults choosing to re-enter the workforce after they retire. Whether its for personal satisfaction, financial reasons, or to stay active, more and more retirees are finding joy and purpose in working once again.With senior living communities throughout Alabama, our Community Senior Life team is exploring the benefits of finding not only a job but a new purpose after retirement. We are also providing some examples of ideal jobs for older adults that can enrich their lives.A Financial BoostMany individuals find that their retirement savings might not stretch as far as they had hoped, especially with the rising costs of living. Returning to work can provide additional income, helping cover medical expenses, travel plans, or even luxuries. Part-time or flexible roles tailored to older adults can offer a balance between earning money and maintaining a leisurely lifestyle. With the extra income, retirees can also invest in hobbies or educational opportunities that they might have postponed earlier. Cognitive and Mental Health BenefitsRetirement often brings with it a slower pace of life, which, while relaxing, can sometimes lead to a lack of mental stimulation. Working after retirement can combat this by providing regular mental challenges and keeping the brain active. This continuous cognitive engagement is crucial for maintaining brain health and reducing the risk of cognitive decline.Work environments often require problem-solving, learning new skills, and adapting to different situations, all of which contribute to a sharper mind. For retirees, this means staying mentally alert and gaining a sense of accomplishment and purpose. Research has shown that older adults who remain intellectually engaged are less likely to face conditions like dementia and Alzheimers disease. Combating LonelinessLoneliness is common among retirees, as social circles may shrink and daily interactions decrease. Working after retirement can provide the social engagement necessary to combat feelings of isolation. Whether its working in a customer-facing role, collaborating with colleagues, or participating in team projects, these interactions can foster a sense of community and belonging.Furthermore, the routine of going to work can add structure to the day, providing something to look forward to and reducing feelings of loneliness. The joy of shared experiences, conversations, and mutual support in the workplace can significantly enhance emotional well-being.Preventing BoredomRetirement often means a lot of free time, which, while initially enjoyable, can eventually lead to boredom. Finding a job after retirement offers a productive way to fill this time, providing a sense of purpose and direction. Working, even part-time, can introduce variety into daily routines, breaking the monotony and keeping life interesting.Boredom can lead to a decline in mental and physical health, but by staying busy with work, retirees can prevent this and remain active and engaged. The responsibilities that come with a job can stimulate creativity and encourage problem-solving, keeping the mind sharp and the spirit lively. Explore New OpportunitiesWorking after retirement doesnt have to mean returning to the same jobinstead, it can be a time to try something entirely new. Whether its pursuing a long-held passion, learning a new skill, or entering a different field, the possibilities are endless.Trying new things can boost confidence for retirees, provide a sense of achievement, and open up new avenues for personal growth. Its never too late to follow a dream or start a new chapter in life. 4 Jobs Ideal for Retirees1. TeachingIndividuals with a background in education or a passion for a particular subject can find fulfillment in teaching or tutoring. This can involve working with students of all ages, from young children to adult learners, and can be done part-time or even online.2. GardeningFor those who enjoy working outdoors and have a green thumb, gardening or landscaping can be fulfilling. This work allows for physical activity and can be done on a flexible schedule.3. Pet SittingAnimal lovers can find joy in pet sitting or dog walking. This job offers flexible hours and the opportunity to spend time with animals, providing both companionship and physical activity.4. Arts and CraftsIndividuals with artistic talents can turn their hobbies into small businesses by selling their creations. Whether its painting, knitting, or woodworking, selling arts and crafts can be a rewarding and profitable venture. Working after retirement provides numerous benefits for older adults looking to pursue new endeavors. To learn more about how our senior living communities in Alabama can help you achieve your goals and make working convenient, we invite you to contact a member of our Community Senior Life team at 251-981-0200.
Bradford Square Retirement Community, located in Naples, Florida, is the perfect choice for seniors seeking worry-free living in a luxurious setting. As Naples's independent living leader for seniors, Bradford Square offers all-inclusive, 55-plus senior living with 24/7 service, resort-style dining, and beautiful accommodations. Our community is known for its breathtaking sunsets, choice shopping, beautiful beaches, and world-class golf, making it an ideal setting for our residents.At Bradford Square, we pride ourselves on providing a vibrant and engaging lifestyle for our residents. From our spacious floor plans to our exceptional amenities, every aspect of our community is designed to enhance the lives of those who call Bradford Square home. Our residents enjoy a wide range of activities and amenities, including games, travel, exercise, movies, and more. Our on-site dining options offer a variety of delicious meals, including a full lunch and dinner menu with a choice of two entrees, two soups, and a full salad bar.Interested in learning more about our luxury retirement community? Schedule a personal tour today to see for yourself why Bradford Square is the premier choice for independent senior living in Naples.