It’s understandable for business owners – especially those who have been very successful in their career – to be concerned about retirement. After all, it presents you with a lot more time to fill than you have ever had before. It also means a lot less structure than most people are used to.
“Won’t it be boring?” “What will I do all day?”
The key? Finding a retirement mindset and setting priorities that work for you.
Let’s look at some ways to do it:
1. Commit to Making the Most of It
Retirement can be looked at as a blessing or a curse. When people go into retirement feeling anxious and don’t commit to making changes, they’re at higher risk of depression and other issues. Retirement is your chance to do as you please, so look at it as a time of exploration and enjoyment. It takes a little while to adjust, but it can be a truly remarkable time.
2. Identify a Hobby You’ll Love
Everybody has something they’ve always wanted to do. Unfortunately, getting good at anything takes practice. Practice, in turn, takes hours of engagement. In retirement, you can divvy up your schedule as you please and there’s no one to judge you if it takes a few tries to get good at something new. Maybe it’s time to finally learn to paint, speak a foreign language, or play poker.
3. Find Ways to Stay Active – Physically and Mentally
A brisk jog or a swim a few times a week can help you keep your mind sharp and raise your energy levels. Of course, exercise isn’t the only way you can stay active. Think about all that you could do within your community, too. Everything from volunteering to organizing to serving on nonprofit boards can help you meet new people.
4. Establish Some Enjoyable Routines
Retirement means you don’t have to go out if you don’t want to. In the first few weeks, be on guard against reclusive tendencies, including sleeping in too long or staying up too late. Come up with some little things you’ll enjoy looking forward to every week: For example, going to your favorite restaurant or visiting with the family. This will keep you grounded without needing a strict daily itinerary.
5. Get Financial Planning and Other Issues in Order
Getting stress off your mind will help you focus on the important things in retirement – family, friends, and working on your golf swing. At Fleishel Financial Associates, we help business owners and other high net worth individuals chart a path to retirement and beyond. We can help you clear your plate so you can live every day of your retirement to the fullest.
To find out more about our financial planning and other services, contact us today.