EP.4 It’s time for retirement!

Have you ever planned what you want to do if you are retiring in five years? Some may dream about travelling abroad, living a slow life, staying home to raise grandchildren, or enjoying some new hobbies. However,

others may have to force themselves to get up and go to work, despite wanting to just stay at home and relax. Why? Because they are afraid that they won’t have enough money. Your retirement life will depend on the outcome of your actions today. To retire happily or sadly will depend on your planning.

Many of us may have had the routine of getting up early and going to work until sunset for thirty or forty years. With retirement, suddenly you are free again without any work rules to follow anymore. You can now freely enjoy your time without any fixed plan. It’s like being a kid again.

If anyone feels that they finally have the freedom that they always dreamed of, we are happy for you. Because it means that you have nothing to worry about and can spend the rest of your life with peace of mind.

But it might not be that easy for many people. After retiring, some people may feel empty and lonely because they spend most of their time at home and meet friends only occasionally. With their children all away at work or studying, they might feel depressed.

This state of mind is normal for people at this age, especially during the first few months after retirement when they are still adjusting. They might not be familiar with their changing routine.

So, our advice to people who are approaching retirement is to try to prepare yourself and plan for these things in advance.

1. Create a financial plan:

When you reach your fifties, make sure that you will be able to clear all your debts within ten years. When you retire without income, you should not have any more debts. Otherwise, your last retirement money will be used to pay off your debts, instead of being used for your post-retirement spending.

Financial planning before retirement is so important that it cannot be ignored. You should plan from a very young age so that you won’t feel stressed later.

2. Maintain your physical fitness:

This can be the most important thing for a retired person. As you grow older, your physical condition declines. You must therefore maintain an appropriate regime and discipline for taking care of your health. Exercise regularly and choose healthy diets with essential nutrients. Avoid junk food and alcohol that may cause serious diseases.

Because if you fall seriously sick or injured at this age, the chances of recovering back to normal will be more difficult than when you were younger. If you are unhealthy, your life can be even more restricted.

3. Find recreational and leisurely activities to do:

Nobody ever said that retirement means to stop working entirely. You can develop anxiety if you are too free and have nothing to do. We recommend that you find enjoyable activities to do. Anyone who still has the energy and wants to continue working may try to get a job as a tutor, advisor, or speaker for companies.

Try something that is not too stressful, while generating some income. Although the money may not be as much as when you were working a full-time job, you can take advantage of your experiences and pass them on to the next generation.

We have reached the last article of our “Coming of Age” series. Because life is a journey, people of different ages have their own problems and stresses. However, this painstaking process will make you stronger and better. Don’t be scared of any problems lying in front of you. The more you fear something, the bigger it appears. The best way to overcome your fear is to face it.

We would like to encourage everyone who is struggling with a crisis in different stages of their life to move forward fearlessly.