Freedom Is Just Another Word For Retirement

The very essence of retirement is freedom. Now you have all the time in the world to do what you want – whenever you want. You can now live life on your own terms. Traditionally, the period of retirement is determined by age or years of service. However, it should be about your readiness.

Readiness is relative, and it is subject to your own personal judgment. Of course, if you think that you are personally and financially ready for retirement – it is ultimately your call. But if you are still unsure, it may be time to assess your readiness. Here are a few questions to get you started:

Is your retirement plan balanced enough?

There are many types of funds that can support your retirement plan, but somehow, you have to beef up your portfolio if you are stuck with the traditional ways of retirement planning. While a 401(k) and employer-based retirement plan is not bad, you still have to look for ways to grow your savings and finances through more worthwhile investments if you want to sustain a certain lifestyle during retirement.

Are you ready to adjust your lifestyle?

Most of our routine will change, and weekly night outs or eat-outs will be greatly reduced once you enter retirement. While some might feel relieved, some may also feel isolated or left out. The transition from being employed to the unemployed can take a toll on some people, and the loss of daily routines and work challenges may leave you feeling unfulfilled and devoid of purpose.

Find New Ways to Enjoy Your Freedom

Retirement leads to a lot of lifestyle and routine changes. It is important to be at least mentally ready for such changes for a rather smoother transition. It is also best to have a plan for the new activities that you will be undertaking once you are retired. These should be things can keep you busy all day. It could be a hobby, a household chore, a short trip, or an “errand day.”

You can either pursue a new or old interest.

Now you have all the time to pursue a new or old interest! It could be a hobby or craft that you would like to master or a subject that you would really like to study about. Think about the stuff that you haven’t pursued yet because of your job. You might be surprised that you actually have a lot of options and activities that can keep you busy.

Set new goals for yourself.

Even if you are retired, it does not mean that you stop striving to achieve something. You can set small goals for yourself and track your progress. It could be reading 1 book per week, or working on DIY crafts, and other stuff.

Get involved in social activities and organizations.

Your life’s purpose is not just attached to your work/career, you can be more fulfilled when you get involved in many more causes and organizations that matter to you. You can join, volunteer, and even donate to certain causes that can help other people in small ways.

Before deciding to retire, you have to think twice if it is the right time – and if you are ready for the lifestyle changes and possible financial challenges in the long run. You don’t have to force yourself to retire early, just because you hit a certain age. Just do it when you are actually ready!