Retirement Life

Shannen Findlay

5 retirement life lessons you didn’t know you needed

5 retirement life lessons you didn’t know you needed

Here are or five retirement lessons to think about before going into retirement.

1. Remember maintaining your lifestyle is not a walk in the park

Frugality coupled with the understanding that your income is not streaming in like it once was is key to maintaining some semblance of the life you used to have.

2. Transitioning into retirement is not easy

It may be hard for you to let go of your professional life – after all, you have been working hard and up towards this moment for the better part of your whole life.

3. You can decide whether you want to be bored or busy

Often the answer to the question, “what do you want to do with your life during retirement” usually comes easy to many. Perhaps playing golf, relaxing by the beach or spending long summers overseas seems ideal, but unfortunately it is not enough to fill your golden years.

4. You may lose friends

Your true friends will remain after you retire, but unfortunately the people who may have respected you, listened to you and went out of their way to be friendly with you may stop having time for you after retirement. Unfortunately, it is how life goes, and it will go on.

5. Being able to save is still essential in retirement

You may or may not have considered this already, but the fact still remains – retirement is not a free for all when it comes to spending.

Unfortunately, bills and expenses still require to be paid even in retirement. Don’t jeopardise your financial future by overspending or going into debt.

What are some of your retirement lessons others may not know about? Let us know in the comments below.