5 tips for planning your post-retirement career by goldstone financial group
TRANSCRIPT
5 Tips For Planning Your Post-Retirement CareerBy Goldstone Financial Group
Here are some importantthings to consider whenplanning your post-retirement career:
01PrioritizeYourCareer If you managed to set aside a fewmillion dollars through savings andinvestments during your retirementyears, you may not want to explorejobs or a new career.
However, if work fulfills you insome way, you will want to securea position you are interested in andget paid well for given your years ofexpertise and experience.
Results froma MerrillLynch studyfound 72%
of people over the age of 50 want to work in
retirement and 37 percent of pre-retirees who
want to work in retirement have already taken
steps to prepare for their post-retirement
career.
Source: Bank of America Newsroom
02ConsiderYourEarningPotential
If you plan on working full-time during retirement tocover your bills and expenses,you’ll need to evaluate howmuch you need and what yourincome potential is based onthe current job market.
This can be stressful for some —
especially if you have been outof the job market for a while —
so doing some research,interviewing for differentpositions and setting some
income goals can help you makea decision that’s right for you.
03 Factor inSocializationOpportunities
Opportunities to socialize may belimited if you end up working fromhome or stay out of the job marketaltogether.
If you are a surviving spouse and livealone, you may need to be even moreproactive about maintaining a healthysocial life.
Experts say retirees need toparticipate in social activities tomaintain a healthy and meaningfullife through retirement and reduce
their risk of death.
Source: http://www.ahchealthenews.com/2016/02/26/your-social-life-could-help-you-live-longer/
04 ReviewYourFinancialPortfolioWhether you were a diligent saveror an ambitious stock investorduring your working years, now isthe time to enjoy the fruits of yourlabor.
Meeting with a financial advisor orretirement planner can help youdetermine whether you aremanaging your wealth effectivelyand how to distribute funds.
You may be able to buyannuities, make additionalprofitable investments, andsave money with some smartfinancial moves before and
during retirement.
05Take Careof YourHealth
Be proactive about your health, talk to
your doctor about wellness plans and
take medication on schedule to set
yourself up for a healthy lifestyle
throughout retirement.
From reviewing your financialportfolio to re-entering the
workforce, use these tips to setsome goals for yourself during
your retirement years.
GoldstoneFinancialGroup.net
Retirement Planning
Long-Term Partnerships
Smart Wealth Management Lifetime Income
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