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Retirement is a time for new adventures. You don’t retire just because you’ve hit a certain benchmark age or you’ve saved enough money, but rather because it’s time that you left the day-to-day lifestyle in order to experience the things you’ve always wanted to. Retirement can be difficult to adjust to and while you’re thinking about how you’re going to repurpose your time and energy, you may learn that it’s also a time where you need to reinvent yourself. You’ve been working your whole life and now, suddenly, you’ve got so much free time and finding ways to fill that time and live the rest of your life is a challenge. One of the biggest challenges that come with retirement is learning how to do all of this without a paycheck.
Don’t Fully Retire
You’ve earned your retirement, but all of the extra time on your hands can be overwhelming. If you’re struggling to find purpose through your retirement, it may be a good idea to work a part time job in order to adjust smoothly to retirement. It’s a good way to not only help redefine what you want out of life and how you spend your time, but it also puts a little more in your pocket for when you make big plans or find how you want to spend your free time.
Join a Local Group, Club, or Charity
Those who can stay busy in retirement generally don’t feel the heaviness that all the newfound time can have. If you’re worried about what you’ll do with your free time, think about joining a local club or group. If you find other retirees with similar interests, you’ll find that retirement can be filled with meaningful experiences. Charity is also a great way to feel purposeful when you’re no longer working full time. These kinds of activities are generally fairly cheap which means you can fill your time without emptying your retirement fund.
Find Additional Income
If you’ve got additional income flowing in, it makes it easier to get out and do fun and exciting things. It doesn’t necessarily mean working throughout your retirement, though. For example, if you have a life insurance policy you no longer want or need, you may be able to sell it in a life settlement. This provides you with a lump sum of cash that will help you explore and live a life of excitement (and relaxation). You could be living the retirement you’ve always dreamed of.
To find out if you qualify for a life settlement, use our Qualification Calculator!