Fortunately for this generation and future generations, retirement is a lot later in life than for those that came before us. Nowadays, people in their 70s are still working full time out of choice. Our dieting, fitness options, medical healthcare, and food quality allow us to live longer lives. So you may not even have to retire on your mind until you are past your 70s. What approach would you take? Well, really it depends on the time and options you have. Who knows what kind of retirement options you will have in 20 or 30 years from now. However, you can take the time to learn about your current options so you can see how those options might progress and evolve in the future.
Investing in traveling
If you still feel like a spring chicken, traveling the world is something you will want to do when you’re no longer working. However this costs money, so you’ll need to have some kind of constant revenue stream. This might be from investing in properties and having a piece of the pie around the world in different mansions, villas and family homes. You could also invest your money into an index fund as this is a way you can constantly take make a profit. You might also want to rent out a spare room in your own home and invite a lodger that will pay monthly rent. You could make a generous amount of money by investing in these ways, which can all go to funding your globe-trotting ambitions. Seeing the world in your own time and enjoying the finer things in life is great but it will come at a cost; especially when you’re not working anymore.
A like-minded place
If you have some kind of medical condition, then you will want to live in an environment where there is care on-hand anytime you need it. This is something many people choose to go for as medical bills as you get older, start to become a frequent sight in your life. One of the options is assisted living where you will have home nurses on hand to help you in any kind of situation. If you need help to bathe or take your medication, they are always there to help. However, they can also be there to administer your annual healthcare shots such as during the winter for the flu virus. Yet you’ll also be in a 5000 square-feet villa with a swimming pool and great Californian countryside.
Keep calm and carry on
Why should you stop working just because you’re retired? Those that truly love what they do for a living will still find a way to continue on. You might be a professional musician and instead of fully retiring you can have a small group of pupils whom your private tutor. You could still work from home and write articles about economics if you worked in that industry.
Retirement is something that isn’t complicated but not boring either. You can still travel the world, live in a large property and keep working if you wish.