Retirement is a welcome reprieve from the hustle and bustle of 9-to-5s, commuting, and competing for limited bonuses and promotions. But that doesn’t mean it’s always easy or that you have time to adequately prepare for it. If you’re starting to plan out your golden years, it’s important to take some measured steps to help you get there hassle-free. 

Want a peaceful, awesome retirement? Then, get started on accomplishing some of the tasks below.

Consider a reverse mortgage

If you feel like you’re short on cash and you have substantial equity in your home, you may be eligible for a reverse mortgage. To be eligible, you have to meet a few conditions: own a large part of your home outright, be aged 62 years old or older, and live in your home permanently.

Also known as a HUD reverse mortgage, this form of financing allows you to stay in your home while freeing up cash for you to use how you please. You can choose to receive the loan proceeds in the form of a lump sum, monthly payments, or some combination of those two disbursement options.

Pursue your hobbies

Although going to the beach and visiting exotic locales is fun, eventually, you’ll need to come home and figure out a routine to keep you busy. For many elderly Americans, finding a hobby to pursue or joining the part-time workforce is a good strategy for maintaining your verve for life. 

Not sure where to start? There are plenty of ways to stay involved in day-to-day activities and keep up an active work life.

  • Find classes to take: Were you always too busy to take an arts and crafts class during your work life? Well, now you can! Take a painting or sewing class, who knows – you might find you have a new talent to explore and develop!
  • Volunteer for a worthy cause: Can you help out a rescue organization and foster neo-natal kittens who were abandoned or don’t have a mama? Do you want to help out at a women’s shelter? There are plenty of places you can put your time and effort toward.

  • Join social organizations: There are plenty of clubs available for you to explore and you can find one that reflects your interests. Clubs centered around astronomy, chess, books, and movies are all great options to try out.

Keep a budget

Spending lavishly at any age can get you into trouble, but it has particularly serious consequences when you’re a senior. To fight the urge to spend lots of money while you’re trying to live off your retirement savings, it’s a good idea to start budgeting. Not only can budgeting help you track your spending and keep you accountable, it can also help you save up for bigger goals

Remember your family

As you start making plans for your retirement, don’t forget about your family! Retirement is a great time to plan see your children and grandchildren more often. You can take the smaller relatives out to special events or attend their sports activities, for example. 

Find ways to stay active

Running can be pretty hard on your body, it’s incredibly high impact and can easily degrade your joints if you’re not careful. In lieu of running and other high-impact exercise, you may want to consider engaging in some gentle yoga, swimming, cycling, and going on long walks. Even gentle exercise can help you stay healthy as you age.

Create a bucket list

Have you always wanted to see the Eiffel Tower? Or perhaps you want to go skydiving? Retirement give you the opportunity to reframe your desires and goals into a bucket list. When you actually write down your goals into one neat list, you might be surprised how much easier it is to accomplish them. 

Takeaways: A peaceful retirement is waiting for you

If you’re getting ready for retirement, it can be a little intimidating figuring out where to start. Your first step is creating a strategy that enables you to live comfortably. That might mean you rely on a reverse mortgage or it could be a mix of different income methods. Then, you’ll have to find productive ways to structure your time more productively. Whether that means picking up a sport or a new hobby or joining a social club, there are plenty of ways to stay active and involved.  

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