Conquer Your Retirement Challenges and Enjoy the Great Life You Deserve

Written by Felix Steinmeyer

Though retirement ought to be a time when you are finally able to let out a deep breathe and relax, there is no getting around the worry that comes with entering that stage of life. After all, any major life event can be awfully stressful, and there is no denying that leaving your career is a major life event. The greatest retirement worries are losing one’s sense of purpose, not having enough money, being lonely, and being in poor health. But, you do not need to fret because you can indeed conquer your retirement challenges and enjoy the life for which you have worked your entire life.

What Now? Create, Follow Your Retirement Plan

Although most retirement plans focus on finances, the truth of the matter is that to truly enjoy your retirement, your plan needs to cover more than your budget. Actually, the retirement plan I suggest that you create will be a life plan, not a spending/income plan. Your retirement plan, will answer that question that nearly everyone has when they retire: “So, what now?”

When creating your retirement plan, think long term. The further out you can make it, the more excited you will be about the future. Schedule your plans around the full twelve months of the year. If Spring is your favorite season, plan a trip to the Southern Hemisphere in October so you can enjoy the greenery and blooms when it is winter back home. Also, list the birthdays of your loved ones and plan visits over the next 24 months so you keep on having a great event to look forward to.

Also sit down and determine what is important to you. Is being a grandmother, the role you love the most? Or, perhaps, mentoring young business people is something you have always wanted to do. Regardless of what gives your life meaning, make sure you include it in your life plan.

Break that Plan, be Spontaneous

Now, with all of that having been said about the life-meaning your plan can give your retirement, it has got to be said, that there will be times when you ought to break your plan. There will be times in your retirement that call for spontaneity.

Don’t follow comedian Steven Wright’s advice and procrastinate being spontaneous. A bit of spontaneity will work your creativity muscles. It will keep you fresh and flexible. It will keep you from turning into that grumpy old man or woman. It will bring you joy.

Finding Work, Not a Job

Even if you do not need a job, you might need work. But in retirement, the work you do can be what you enjoy. This could be volunteering or even doing something, such as gardening or pet sitting, for some spending. The key here is to find work you enjoy. Remember, you’re retired, no more jobs.

 Stop Worrying about Money

A major challenge you will probably need to overcome in retirement is worrying about money. In fact, some studies have found that soon-to-retire people are more concerned about not having enough money than they are about dying. Now, that is quite a worry, eh?

To conquer this financial worry, you must first understand that it is perfectly normal. Odds are, most of the people around you feel the exact same way. Once you accept this, you can move on to the next step of figuring out if you have a legitimate reason to worry about finances in retirement. Thankfully, there are some great online tools, such as the AARP retirement calculator, that can give you a quick snapshot of your current situation while offering suggestions as to the steps you can take to help you meet your retirement lifestyle goals.

Shoring up Your Finances Late in the Game  

You still do not need to worry if it turns out that you do indeed need to improve your financial situation. You can overcome this retirement challenge as well. There are many ways you can make money while retired from selling items you have acquired over the decades to getting a reverse mortgage, life insurance settlements, shopping around for better interest rates on investments and credit cards, and so many more.

Though they are not income, discounts are a fantastic way for seniors to save money, lots of money. Did you know that Americans who are at least 62 years old can buy a lifetime pass to all of America’s national parks for just $80. That is a stunning discount when you consider that everyone else has to pay that same amount for just a one-year pass. You can find other great prices at private and public attractions, hotels and resorts, restaurants, museums, theaters, and nearly everywhere else that caters to the public.

Collect Experiences, Not Stuff

What makes you happy? According to research, your experiences give you much more happiness than do your things. As you are creating and following your retirement life plan, covered above, make sure you pack it with experiences instead of purchases. Remember, there may come a time that it will be difficult for you to travel and experience good times.

Some of the greatest experiences you can have in retirement will also keep you active. Geocaching, golfing, bird watching, pickleball, hiking, and gardening are all great ways to collect experiences that will also keep you active and give you the opportunity to make new friends. All of this will likewise combine to conquer your fears of being lonely or losing your health prematurely.

Retirement Need Not Be a Time of Worry

You can conquer the retirement challenges that most of us will face. You just have to plan and take them on honestly.

Small Comforts: The Many Advantages of Apartment Living

Written by Sally Perkins

When it comes time to retire, many of us oftentimes think this means finally moving to our dream home. However, while this dream may seem feasible in our minds, it might not make sense financially to sign onto another long-term mortgage payment. Rather, renting an apartment may be the best choice for living out your retirement.

Apartment living not only gives you the opportunity to rent, downsize and save money, but it has a range of advantages for people who have retired. Many retirees will be happy to learn that selling a home and renting will present an opportunity to earn capital that produces an income. Besides being a great option financially, here are some other benefits of choosing a small, comforting space for your retirement:

Let the Maintenance Team Do the Hard Work

With more than two-thirds of Americans leaving the workforce by age 66, retirees are not always of an age that want to be doing yard work and making home repairs. One of the undeniable benefits to renting modern accommodation is that many apartment complexes come with a maintenance team. This eliminates the issue of having to keep up with tedious tasks like raking leaves, mowing the lawn or shoveling snow.

Plus—who really wants to be doing that kind of hard work when you’re retired, anyway? Retirement is a well-deserved time to finally relax and not work. By having a maintenance team on hand any time something in the apartment goes wrong, breaks or needs repair is an extremely convenient feature for retirees, as it greatly reduces any anxiety over performing these tasks on one’s own.

Plenty of Privacy with Company Nearby

Another bonus of apartment living during your retirement years is the small comforts and privacy that come with downsizing. With less space to fill with your things and fewer rooms to clean, you will be more appreciative of the things you value and cherish most. Since we all crave privacy, this is a great option, as it offers the chance to put your personal touches on a smaller space.

At the same time, living in an apartment complex gives you plenty of new neighbors. By living in close proximity to other people who are a similar stage in life as you, you can easily seek out new social activities and meet new friends. Especially in complexes that are only for retirement-age individuals or couples, there will be many opportunities to interact with your other neighbors, which is important to avoid feelings of isolation.

In addition to the handy maintenance team and added privacy of apartment living, retirees have the chance to make friends with like-minded people and enjoy all of the comforts of downsizing to a rented space.

Investing and Spending – Enjoying Your Retirement

Written by Sally Perkins

Retirement and the associated saving is a source of anxiety for many people. You spend an entire lifetime working and trying to take the stress out of retirement funding; so, where’s the fun in continuing to stress and worry once you’re actually there? Of course, it’s never actually as simple as stopping your worry.

This article will shed some light on the best ways to build and manage your retirement fund to reduce your anxiety over saving to the absolute minimum level. Then, keep reading to see some of the best ways to spend your money to really enjoy the years of job-free freedom – without breaking the bank – and whilst also keeping yourself healthy.

Preparing – How To

The United States has basic retirement benefits available for those once they reach the prerequisite age. These reach up to around $15,000 and provide a basic income to those in need. However, the federal government recommends you aim for 80% of your income in retirement. So, if you’re someone who earns $100k a year, you’ll need $80k to continue our quality of life. How do you achieve that?

Unlike some other countries in Europe, the USA has no mandate of employers to provide pensions. This leads many employers to offer up-front salary improvements and bonuses in place of pension contributions – which is a good or a bad thing, depending on your self-control. The Crediful Credit Guide ( suggests vehicles such as the Roth IRA provide a far superior saving environment – and one you control – as opposed to many company led pension schemes.

The big benefit of the Roth IRA is that it takes away future tax burden and obligations, which can give relief when you’ve reached retirement age. You can super-charge your pension by taking out personal investment plans in addition to the IRA, or running one alongside an employer-sponsored 401K.

Enjoying Yourself

Once you hit retirement and have access to your fund, either as a lump sum or as a dividend-style trust arrangement, it falls on you to moderate it properly. This is where some stumble finding themselves unable to exercise the correct level of self-control when adapting to 100% free time from a 9-5 job or similar. For this purpose, consider employing the dynamic spending and saving strategy to keep a firm grip on your economic situation.

With that in mind, you might be thinking – what can I enjoy? What hobbies exist that will bring enrichment and stimulation whilst remaining relatively frugal?

Model Construction

Airfix planes and LEGO style buildings may seem to be things of your childhood. However, the companies touting these products are actually targeting and directed towards generations above just ‘kids’. In fact, LEGO attribute some success to ‘mature’ sets following the downward trend of their brand. These sets aren’t bank-breaking and the customization can offer years of enjoyment for minimal outlay. Models and airfix-style can even benefit your health. The tasks are often relaxing, stimulating your mind and demanding concentration. They can also help with motor skills, which can fall by the wayside in retirement.


Geocaching is a very 21st century hobby that involves little more than a set of maps and any rudimentary GPS device. People all over the world have spent time to hide trinkets and treasure around their countries, posting treasure maps online to lead fellow community members on an entertaining trail. Many contributors specifically pick picturesque trails or tricky clues and navigation methods, and encourage the treasure hunters to detail their journeys and share them online.

These digital treasure hunts mean that you can get involved with a community and make new friends online. Furthermore, you’ll probably earn a good bit of exercise getting to the remote places and if you have a camera in hand – likely as geocaching can be done with your phone – get some spectacular shots of nature.

Martial Arts

Finally there is martial arts. Martial arts is often free, if not subject to small donations to your chosen place of practice. They are again a great way to get out and about, and don’t require a huge level of physical fitness. Martial arts are typically about turning force against itself – acting as a pivot against the strength of other people. Getting involved is a great way to stay healthy physically, and most disciplines have an edge of mental well being too, integrating their rigorous martial arts mentality with strengths plucked from eastern spiritualism.

The financial planning aspect of retirement can be time consuming – even boring. However, the options are there for you to make a success of yourself. And once you retire, there are many inexpensive ways to enjoy yourself and build skills whilst maintaining your health, leaving your hard-earned career cash for the rainy days and big trips ahead.