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Making the Most Out of Your Retirement

Are you near your retirement? Excited or worried?  Any plans in mind? There are so many ways in which you can make the most out of your retirement, and enjoy your time. After all, when you’re in the retirement phase, you are the one in charge. You do whatever you want and when you went – without others affecting or governing your life in anyway. Sounds good, right? It is, but you’re much better off when you have all of it planned properly beforehand.

Let’s go back, and think about all the major changes or events that you encountered during your 20s, 30s and 40s. Marriage, parenthood, relocations, new cities, new countries – some of the moments were filled with joy and some were despairing. During all these years, you set goals, planned for them, and then strived to achieve them.

You do exactly the same during the retirement phase: set goals and then try to achieve them. But this time, your objectives are different then what they were in the past. Your approach is pretty much the same but just keep one thing in mind: you should be flexible and adapt if circumstances change or aren’t what you expected.

Here is a quick guide to making the most out of your retirement.

Decide where you want to live

Deciding suitable retirement locations is a fundamental part of your retirement planning. Do you want to move closer to your children, siblings or other relatives, or would you prefer moving farther away from them? Also do you want to live alone or with your partner? Some of you may even prefer living at a senior centre so that you’re surrounded by others. If you live in an urban city right now, you can move away to the countryside or you could downsize and think about selling or renting your sprawling mansion. Relocating to another country is yet another option.

Your options are endless, and you can opt for any location.  Just ensure that your chosen option is affordable and within budget.

Travel your heart out

Travelling is fun, and always brings immense pleasure. In the past, you may not have been able to travel as frequently as you may have liked because of your education, job, parents or kids. But when you’re in the retirement phase, you generally tend to have more time in your hand and greater freedom and flexibility. Whatever schedule you may be following, fit in vacations wherever you can.

So you think this is expensive? Not at all. You have a payment card, don’t you? Redeem your earned points and get free travel mileage in turn. For instance, allows you to exchange your points for various holiday packages and deals.

Work out your expenses

Have a clear idea of future cash flows in mind, and accordingly, plan out your finances. Usually it is better to pay of all your debt before retiring because interest often tends to eat up expenses.