(Post by ANN HARRISON)
Now that you’re retired, you’re probably anxious to get on with living your life and doing all those things you never had time to do when you were working. And, although it’s important to be present and enjoy the ‘now’ of your retirement, it’s also important that you look towards the future and try to anticipate what your needs will be, so that you can prepare accordingly.
You don’t need to dwell on the future too much – especially if you’ve only just retired – you just need to keep an eye on it.
Keeping an eye on the future means, for example, that, the next time you do any updating or renovation work on your home, you take the opportunity to build in any features that will enable you to continue living in your own home for as long as you possibly can. Maybe you could flatten out that steep slope in your garden or backyard so that you can continue to enjoy (and manage) it later in life. Or maybe building a parking area closer to the door or installing a garage door opener would be a wise move.
Keeping an eye on the future means not overspending now, so that you’ll have enough money in the future. It means taking care of your health – eating well and exercising regularly, so you have the best possible chance of remaining fit and healthy as you get older. It means finding out whether it would be prudent to take out long-term care insurance now (and whilst it’s still relatively cheap for you do it), so that the cost of care won’t be depleting your savings or eating into your kids’ inheritance in the future. It means putting your affairs in order, making a will (and possibly a living will) and having important documents readily available – just in case.
Keeping an eye on the future means keeping your brain active and remaining curious and interested – working on the principle that, ‘if you don’t use it, you lose it’. It means thinking about the legacy you want to leave behind – not just your financial legacy, but what about that family tree that you’ve always wanted to compile or that biography about your war hero grandfather that’s just crying out to be written? Or that organ donor card that you’ve always been meaning to apply for but never managed to get around to? Well, you’ll never have a better opportunity to do those things than right now!
And the peace of mind you’ll get from having that ‘eye on the future’ will only add to your enjoyment of the present.
Ann Harrison, Manchester, United Kingdom
Ann is a Retirement Options™ trained retirement coach and Too Young To Retire™ facilitator. She is also a writer, blogger and creator of information products; she retired from her job in education management at the ripe old age of forty-three. She is the author of ebooks, “The Retirement Detox Programme: 40 days to get your retirement back on track” and ‘Thought Provokers: Questions you need to ask yourself BEFORE you retire”. For more information, check out her retirement Website or Blog or follow her on Twitter.