No one wants to think about getting old, ageing and all the fun stuff that comes with it. But the reality is each of us find ourselves eventually getting older, needing more support and being unable to support ourselves as much as we once could. Ageing is a really sensitive topic and time of our lives, so it’s important to think about how we want to age and what kind of changes we need to make now in order to have the kind of retirement we want. Here are my top 4 things to plan for as you age:
1. Your Finances
It’s never too late or too early to start planning for your finances, especially when you’re thinking about retirement. The prospect of not working for the rest of your life and having a finite amount of money to rely on can be quite scary, especially if you haven’t planned properly. The best time to start working on your retirement finances is yesterday, as the longer you have your money working for you, the better you’ll be. It’s a good idea to explore what kind of government financial options are available to you – a good starting point is discussing with your employer. If it’s in your budget, you will find that financial management can be a great resource to help you properly plan for your financial future the best way possible.
2. Your Healthcare
There’s nothing more important than your health and this becomes even more of a sensitive topic as we get older. Things start to break down and don’t seem to work as well as before. If you don’t have a private insurance policy, now might be the best time to get one in place to ensure that you are in the best position should you need extra care. If you’re struggling with the health of your feet, check out Spectrum Health Care diabetic foot care for ways to keep your feet healthy.
3. Any Future Travel You Hope to Do
If you’re like me and have travel as one of your favourite hobbies, then you’ll be probably wondering how you can keep this a part of your life when you have retired. If you have grandchildren or great grandchildren spread across the globe, then you’re going to have even more motivation to travel. As this is generally a substantial extra cost, you might want to start planning any trips you’re going to take now so you don’t miss out on anything. Check out Santa Barbara Travel for some great travel resources.
4. Funeral Arrangements
This is probably the last thing you want to think about, but it’s so important to spend some time making plans for your funeral. The more you plan and provide for, the less your loved ones will have to deal when they’re busy mourning your loss. It’s worth taking an afternoon, sitting down and thinking about how you’d like everything to go and how you’re going to finance your funeral, too. Spending a little time now will ensure that it’s easier for everyone else when the time comes.
Please let me know in the comments below if you have any tips of things to think about before as you age.