Retirement is a new chapter for all of us. For some, this may mean travelling or spending time with family and friends. But for others, it may mean finding new challenges to take on. Whether you’re looking to improve your life late in retirement or after a disability, there are plenty of strategies and tips available to help you achieve your goals. In this post, we’ll explore some of the most effective methods for enhancing your quality of life during these stages of life.
What challenges may we face?
- Family changes: Death or divorce, or family members moving away.
- Health issues: This can have a serious impact on a person’s quality of life late in life.
- Physical limitations: Our body can wear down and become less resistant in our later years
- General slowdown: This happens to all of us at different rates.
Tips and Strategies
- Have an advocate who understands and can help with your health care preferences.
- Assign a responsible and trusted person to manage your money if you are no longer able to do so.
- Simplify and document your money management, this makes it easier for your loved ones and those who are concerned.
- Make sure the right people know about your estate and end-of-life documents. Document where they are and who should be contacted if there’s an issue with them or any part of the process.
- Try to stay as healthy and mobile as you can.
- Make sure your living arrangements can accommodate any future steps you may take. Consider and simplify. Where would the best place be for a potential new home?
- Identify and build a support group and resources.
The four major categories are:
- Health – Choose the right insurance and financing plan.
- Housing and transportation – Adjust your housing and transportation to fit your needs.
- Financial management – Know who to ask when you need help.
- Build a support network – Become familiar with the resources that are available
Think about these when planning for late-life changes.
Retirement is a time of change and it’s important to be proactive in order to make the most of this time. Planning ahead for limitations can help ease the transition into retirement and ensure that you have everything you need. SJB has the resources and expertise to help with every step of the financial process.
Don’t wait until an unexpected event forces a change – contact us today for a brighter tomorrow.
