This year may be the year that you wish to retire. It’s also the beginning of the year and it’s a perfect time to make some retirement resolutions. The typical age for retirement for Americans is 65 years and older, but some choose to retire at 62 years of age and older. Here is a list of some retirement resolutions you can consider for 2020, if you are planning to retire.
- Plan what to do with your free time before your retirement. In retirement, you will have a lot of free time. You should start planning what you will do during all the free time you will have when you retire. You can look into spending more time with a hobby, joining a social club, taking some time to volunteer, or planning to travel around the world. Write down what your week will look like adding in the activities that you enjoy for a fun-filled retirement.
- Practice how life will be like before retiring. If you are still working, you should consider taking some time off from work and see how it is like to retire. Spend your time doing the thing you plan or think you will be doing when you really retire.
- Get important documents settled. Make sure that you have all your important documents and life decisions figured out. You should ensure that your financials, wills, and wishes are documented so that your family will not have any issues later on.
- Reallocate your investments appropriately. In retirement, most financial advisors would recommend that retirees invest in conservative investments. You may want to consider reallocating your investments as appropriate.
- Add an emergency fund into your budget. In retirement, you may not know what the future in your retirement holds. But making sure that you have some money on hand in cases of emergencies is imperative.
- Declutter your life. It is a good idea to simplify your life early in your retirement. You will be not only freeing space in your home, but you will be taking time to examine what is most meaningful to you and give up things that are no longer important to your life. Donating unwanted things is a great way to help those less fortunate than you.
- Know your benefits. Educate yourself and understand what your company gives you in your retirement. Additionally, it is important to know what the government will give to you in retirement, such as your social security benefits.
- Talk about your financials with the people you love. Ensure that you discuss your financial situations with the people that you love and love you. This will make your financial wishes known to your family and prevent any disagreements later.
- If you’re a physician, make sure you take care of your patient information. In retirement, physicians will have to look for ways to manage their patient medical information. My Retired Doctor is a great option that providers can chose to assist them with their medical records. Give My Retired Doctor a call at 877-328-2343 to see how the team can help you.
If you are looking to retire in 2020, consider some of these new year’s resolutions to prepare you for retirement. Don’t forget that if you are a provider looking to retire, reach out to My Retired Doctor at 877-328-2343 to see how we can help you retire stress free!