Planning for your Retirement and Transitioning to Retirement Life

As you start to approach retirement, something that you might experience is a range of mixed emotions. Retirement is a huge change in life – for most people who have spent years working and raising a family, having so much free time suddenly available to you can feel like the most exciting and wonderful thing in the world.

However, it is not uncommon to experience a range of mixed emotions and if you are feeling nervous, worried, sad or confused, you are far from alone, these are all perfectly normal things to feel when there are significant changes to your life.

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Something that is really important for the mental wellbeing of many people is having a daily routine. With no work to go to, you could easily fall into the trap of having nothing to get up for and then becoming lethargic and feeling down and isolated. Before you retire, plan out how your days might look and how you will spend your time. For example, you might want to join a club, take up a new hobby or a sport, or get a pet – having something to motivate you to keep to a routine is always a great help.

You might also consider ways that you can take control and adapt your life to get more out of your retirement. For example, you might want to consider moving to a new location now that you don’t have to worry about commuting to work, or you might want to find a place that is more suited to your retirement lifestyle like these park homes for sale in Gloucestershire.

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Your finances are also something to plan for to make sure that you get the best out of retirement and reduce your money worries if you are already feeling a bit nervous about your retirement anyway. Check what money you have available from pensions and also check to see if you have any historic pension pots that might be hidden away! Think about what you are likely to spend and if you need more money there might be ways that you can support your lifestyle – taking a part time job or downsizing your home are two ways that you can have more money for your retirement.

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