Creating a post-retirement plan

Jun 20, 2012

It is smart to have a plan for what to do in retirement.

Most Americans are likely very familiar with the idea of planning for their future and saving up for retirement. They may also understand the importance and value of many financial products including life insurance as a means to create access to cash in retirement for unexpected bills, purchases or emergencies. What consumers are probably less familiar with is the need for a post-retirement plan.

In a piece for U.S. News & World Report, Joe Udo said the majority of Americans will spend decades getting their financial strategy in order so as to fund a comfortable retirement. What many dedicated professionals and financially-savvy consumers forget to prepare for is what they will do during their retirement years.

While the idea of having no job or boss to answer to on a daily basis, and no strict schedule to follow, may seem very appealing to Americans currently in the workforce, it can be a culture shock for new retirees. Many aging Americans have been working diligently for 50 years are rely on their daily routines for a sense of purpose or fulfillment. When allowed to plan their own schedules, many retirees are unsure where to begin and may not take full advantage of their new-found freedom, Udo reported.

One thing recent retirees can do to enjoy retirement is try new things they never had a chance to explore when they were working a 9 to 5 job. Using retirement savings or life insurance funds, retirees can take a trip to an exotic country, go parasailing or start a book club with their friends or neighbors. Others may enter back into the business world on a part-time basis, fostering a startup idea they thought of decades ago, Udo suggested.

Another things retirees can do with their free time is create a wellness plan to improve their overall health and lifestyle so as to better enjoy their retirement experiences both physically and emotionally.

In a piece for the Charlotte Observer, Barbara Quinn made a list of healthy tips retirees can implement into their daily routines to boost their healthy aging efforts. One way to ensure retirees feel younger than their chronological age reveals is by eating 4 to 5 cups of vegetables each day. The vitamins, minerals and antioxidants help keep cells strong and functioning, while getting rid of free radicals that accelerate the aging process.

In addition, retirees can increase their intake of calcium-rich foods while reducing their alcohol consumption. Foods with high calcium levels have proven to play key roles in lowering blood pressure naturally, as well as maintaining a healthy weight. The calcium-rich foods, such as low-fat yogurt, cheese or milk, also increase bone and muscle strength, which is important for aging Americans. By lowering the amount of alcohol being consumed, aging Americans can add years to their life while placing less strain on their bodies. Studies show men who consume fewer than two drinks and women who have less than one alcoholic beverage a day tend to live longer, Quinn reported.

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