The unexpected costs of caring for your elderly parents For the employed caregiver 35 per cent of employed Canadians report providing unpaid care to a family member or friendthere is also the cost of time spent away from work, missed opportunity and career advancement. What does caregiving look like? Transportation is the number one caregiving task.
Koenigauthor Some of us retire by choice, others are retired by the company we worked for. If you retired by choice, you may have done some minor planning, or maybe even major planning.
Do you have your financial resources set aside for this time of your life? Have you planned some long-awaited vacations or other activities? Are you thinking about starting your own business? How you live out your retirement years is totally up to you.
It can be the best years of your life or the worst. Of course, barring any serious illness, how you spend these years after leaving the work force can be filled with passion and promise. Your choice of attitude and actions can make the difference between boring or brilliant years. For example, you may want to look at retirement as the time of your life when you can choose to do whatever you want, whenever you want, however you want.
You can catch up on all those things you said you always wanted to do, but never had the time to do. Follow some of these secrets to living successfully to help you see that there is life after retirement: Take this time to reassess your life.
Have you always wanted to play an instrument or learn another language? Do you have some vacations planned? Get a new notebook and start writing. Perhaps you want to develop an untapped talent like Grandma Moses did in her 80s.
How about starting a book club or joining a meetup? There are myriad opportunities to serve at a variety of different charities.
You can help seniors, animals, children, the homeless, and so much more. Where are your talents best used? Who do you like to support?
Many non-profits will be thrilled to have you as a volunteer. Start a business at home.The Eight Keys to a Successful Retirement Life. Someone once said: While there are lots of books available on retirement, the only book that really matters is the one that you write yourself!
There are some things that we can learn from others who have made the transition into the kind of life . Life After Retirement will feature annuitants that have developed successful businesses in retirement.
There are many who have the talent, interest, and motivation to do the same but just don’t know how to get started or simply fear the unknown. Retirement seminars and webinars take a step-by-step approach to the retirement process and what happens after you submit your application.
Trained counselors explain your benefits, beneficiary options, group life insurance, loan repayments, pension income taxes, and health benefits coverage in retirement. For thoughts, see Why Working After Retirement Is Good for Your Health, Retirement Travel: Good and Good for You and 15 Mistakes People Make When Planning for Retirement.
Retirement, contrary to popular opinion, is not the time in which your satisfaction with life declines and your health deteriorates. Instead, it’s the exact opposite: Retirement is likely to. If you do still need a life insurance policy after retirement, remember that it probably doesn't need to be quite as large.
Your next policy can likely be considerably smaller, which is a good thing since your rates will be much higher.