Broker Check
6 Tips to Live Your Best (Retired) Life

6 Tips to Live Your Best (Retired) Life

January 30, 2023

Everyone, it seems, worries about the economics of retirement. Will you have enough to retire? Will you outlive your money? Will you be able to afford healthcare as you age? And what about housing costs, emergencies, and especially trips to see the grandkids?


Often, though, it’s the anxiety around mental and emotional issues – not financial ones – that can take the greatest toll during our “golden years.” Those who used to fill their days working 40+ hours a week now find themselves with the “freedom” to do nothing.


For many, that’s a tough adjustment. It’s also one reason retirees are 40% more likely to suffer from clinical depression.1

Yours, Mine, and Ours: Estate Strategies for Second Marriage


Fortunately, there are things you can do to avoid the potential boredom and isolation that can come with retirement.


  1. Save now for the goals that matter most

The process of retiring actually starts in your working years. That’s when you’re saving to buy yourself options when the workdays and weekly paychecks may end. If your nest egg doesn’t match your goals, you’ll likely be disappointed, regretful and unhappy. So, start making a list now of the things you really want to do when you retire and work with your financial professional to create a realistic strategy to afford them.


  1. Work part-time

“What (you’re probably asking), I’ll work my whole life so I don’t have to work!” Fair enough.


But working part-time in a low-stress environment can have some positive benefits. Beyond earning a little money to add to the retirement kitty, part-time work is also a great social outlet.


  1. Start a business

Have you spent your career doing something you’re passionate about? If so, you’re lucky. If not, retirement could be your second chance. Love to cook? Open a food truck. Spend your free time fishing? Start a tackle business. If it’s successful, other family members might want to join you.


  1. Volunteer

What you’ve learned in your career and in life could be invaluable to others. Volunteer for a local charity you care about. If there isn’t an organization for a cause you care about, start one! Volunteering not only keeps you busy, active and socially engaged, it also makes you feel good in a way playing golf or other traditional retirement pastimes may not.


  1. Keep learning

Just because you stop working doesn’t mean you have to stop growing. Taking classes, say at a community college or community program, stimulates the mind. It helps broaden your social circle.


  1. Wait for company

At first, retiring before others in your social circle may seem like a proud accomplishment (and it is!). But before you call it quits with working, consider who you’ll play golf with, go to lunch with, and spend time with when the rest of your friends are still at work. Hopefully, you’ll have a very long retirement, so you don’t want to feel bored and isolated from the get-go.


  1. Pub11809 2022-144267 Exp. 10/24
  2. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.
  1. Several factors will affect the cost and availability of life insurance, including age, health and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy is surrendered prematurely, the policyholder also may pay surrender charges and have income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.