Retirement means you have worked hard your whole life, and it is now time to enjoy the fruits of your labor. A ‘must’ for a great retirement is a well thought-out plan that will ensure that you have the appropriate financial situation. By planning your retirement, you will not only be secure financially, but socially as well.
Financial prosperity is another must. Finances for retirement should be planned long before you retire. Make a list of what you want to do as a retiree: travel, play golf, start a home-based business involving your passion or dream, or just stay home and garden and play with your grandchildren. Your financial health has to match what your wants are. Important things to have in place are a mortgage-free home, and a retirement account that can handle the ups and downs of Wall Street, plus a contingency fund for emergencies.
A network of friends is also crucial. While working all those years you undoubtedly made many friends, both in the office and on the outside. When you retired, you don't see these people on a daily basis, so your interests will change. To compensate for this, make new friends by joining different organizations: a gym, a bridge club, a sewing circle. Look in your local newspaper for a travel club. You will find a lot of new friends who have the same interests as you. Don't forget the people you grew up with. Go to school reunions, and rekindle old friendships. Retirement can be successful with some planning and security.
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