Before we rush off and look for the 10 best places to retire we need to make sure that we have the foundations of our retirement settled. With any project or phase in our lives, it is tempting to spend time on the “sexy”, fun things and ignore the basics.
When planning to retire, there are a few important areas to work on so that we have a solid base to ensure that we are prepared for this potentially great time of our lives.
Finances are clearly an important consideration when it comes to retirement. We need to know exactly where we stand and not bury our heads in the sand and hope that all will be okay.
Most people need to supplement their income once they officially stop working so it is good to have an idea of what your investments will generate and what type of “top up” you will need to finance your lifestyle in one of the 10 best places to retire.
One of the best places to start is using a retirement planning calculator and comparing that information with a post retirement lifestyle budget. You can then already start making plans as to how to supplement your income via part time work or perhaps a home based business of some sort.
Without good health, a decent quality of life is not possible. There is a lot that we can do as part of our lifestyle to maintain our health.
It really is as simple as having regular moderate exercise (walking at a brisk pace is just fine!), an appropriate diet including fresh fruit and vegetables and making sure that you stay adequately hydrated (drinking 6 to 8 regular glasses of water every day).
Remember to have regular check-ups by your doctor and have a full medical at least once a year. Even the most invasive diseases can be managed if detected early, so manage your health well. Finding one of the 10 best places to retire will not help much unless you are healthy.
When we stop "going to work" many things change that will affect our state of mind. Routines change, social contact with the workplace is lost and we may feel a bit at a loss especially if we had a pressurized job carrying lots of responsibility.
These factors can only be properly dealt with if we are aware of them and find a way to replace what we lose when we retire … before it becomes an issue. Keeping the right mental balance is important and so is maintaining a healthy “reason to exist” frame of mind so that we enjoy one of the 10 best places to retire!
One aspect of retirement that many people ignore is the fact that you are going to be sharing the same space as your spouse or partner for longer periods. Talk through this because you will both have had a lot of space before and now you are “in each others faces” all the time!
Come to an agreement about shared activities and also some necessary “me time” which we all need as part of our lives.
Get these basics in place and you'll have a great foundation to build on when choosing your best places to retire.