Old age is a fact that every one of us will have to deal with sooner or later. There are those of us who embrace that fact. These are the people who plan and prepare for that eventuality. There are those of us as well who are not quite so vigilant. We could be persuaded that tomorrow is a long way off. Unfortunately for us time has a way of catching up, as before we know it, what once seemed an eternity away is now closer than we would like to admit.
The good news is there is no shortage of advice. Most of it focuses on the financial side of things. Yet it is within everyone’s ability to prepare for our retirement years in other ways as well. Focusing on these three things can help bring a sense of balance and even fun to planning for your golden years.
There seems little point in being a prudent saver and savvy financial planner if you are not well enough to make the most of it! It is true that our health is directly related to our diet, and our exercise regime. It pays to look after yourself on a day to day basis. But as we get a little older we find that our needs change. A regular health check can go a long way to detecting any area that you may need to focus on. It is worth having your blood pressure checked as well as noting any other changes that might be relevant.
If you have let your exercise take a back seat in your life, maybe consider how you can keep up fitness levels that fit into your age and lifestyle. Keeping fit and being healthy is not the preserve of young people. There are many activities, including yoga and tai chi that lend themselves to every age. These have proven benefits in keeping you supple and injury free. Keeping up with active sports including golf and tennis carries all manner of benefits.
As we age our dietary needs change. It is important to keep up your vitamin and mineral intake. Bones tend to be more brittle with age and it is important to be aware of osteoporosis. It is just as important to eat well at this time of life. Take care to ensure that you maintain a healthy weight ratio and eat a balanced diet filled with fruits and vegetable and good proteins.
Looking after your finances is a vital aspect of preparing for retirement. This is especially so in a volatile marketplace. It really makes sense to be aware of our retirement funds. For most people that means making sure the funds you have are working for you adequately and safely. It also means using your savings to their best advantage.
You’ll need to ensure that whatever advice you take is professional and informed. Investing your superannuation savings in an SMSF is a great way to control and keep an eye on your funds. Blueprint Wealth SMSF advice, for example will be able to give you an overview of the options open to you.
Sadly wisdom is not guaranteed with the onset of age as much as we would like to think it should be! Nevertheless it is said that it is never too late to learn. With that in mind, why not have a think about a course you could take or hobby you could develop? Many people find that this is an ideal time of life to engage in further study. This not only keeps you growing but also keeps your mind active and alert.
Use your life skills to your advantage, and acknowledge the many freedoms and advantages open to you at this time of life. The future is always going to be ahead of you, so why not look after every aspect of your life to the best of your ability?