For some people, retirement planning conjures up images of languid days free from the demands of the daily grind, but for others the prospect of leaving the workforce may be a daunting or even frightening transition.
For most, this major milestone will elicit a mixture of emotions that fall somewhere between anticipation and apprehension. Retirement is, in fact, a complex experience for almost everyone, characterized by gains and losses and tremendous shifts in identity and routines.
Staying socially active by joining book clubs or church groups may add years to your life after retirement, a new study suggests.
The more groups a person belongs to in early retirement, the lower their risk of premature death, Australian researchers found. The chance of dying within six years of stopping work was 2 percent for people who were members of two social groups before retiring and stayed in both. If they left one group, their risk of death increased to 5 percent, and it rose to 12 percent if they left both groups.
Accumulating enough money to retire is an achievement that deserves to be celebrated. You can finally take a long-awaited trip around the world, or invite your colleagues and family members to join you for a retirement party. Or maybe you want to retreat from the working world in a little cabin by a lake where no one will bother you. Here’s how to commemorate your retirement.
There’s more to leading a healthy lifestyle than following an eating and exercise plan. Finding happiness in your everyday life can also make a positive impact on your overall health. According to a study in the Proceedings of the National Academy of Sciences, happiness has a positive effect in lowering cortisol levels, the stress hormone that is related to health conditions like type 2 diabetes, hypertension, and autoimmune diseases. But if you aren’t feeling that happy on a daily basis, what can be done to change that?
We tend to have a mental image of retirement as relaxing. You might spend your days fishing in a quiet lake at dawn, taking a casual stroll down the boulevard or maybe traveling a bit. But avoiding everything that is too strenuous or straining could actually be bad for your mental health.
Mental effort might actually help keep your brain healthier and improve your memory. But it requires some serious mental effort beyond a weekly crossword puzzle. The mental strain you exert to solve a complicated mathematical problem or learn a new language could help keep your brain sharp. >>CLICK HERE to read more<<
Living below your means is essentially the foundation on which financial freedom is built.
For example once you learn how to live within (or below) your means you can immediately forget about getting into debt, you can start paying off any existing debt and you can start putting money aside for the future.
Of course, if you’re struggling with finances right now that’s all easier said than done.
You already know that living below your means makes sense; you just need to know how to do it.