August 31st, 2020
Planning for a Happy Retirement
During a Pandemic
COVID-19 has put the mental, physical, and financial well-being of seniors at risk from every angle – making intentional, holistic planning all the more important.
With the senior population growing at an exponential rate… so has the body of knowledge and wisdom about what it takes to be truly happy in our golden years. What has become clear is that even the most well-designed financial plan can’t ensure happiness on its own.
Although a strong plan is important, so is your physical health, social interactions, and a sense of purpose in your own life.
FINANCIAL SECURITY
Even Pre-COVID, the fear of running out of money during retirement lurked amongst most retirees. That fear has since grown due to the effects of COVID-19 and the economic uncertainty it brings. The best way to overcome these fears is to keep a calm, sharp eye on your financial goals while working with an advisor who can help you determine your budget for future spending and also help you establish (new) income streams to cover retirement cost. Once you have a solid, customized plan in place that fits your needs, you will be able to better pursue new goals, new dreams, and increase effort and awareness in other areas of your life that are necessary to your well-being.
PHYSICAL HEALTH
-More Calories Out Than In.
-At Least 30 Minutes of Movement Each Day.
Two simple pieces of that advice can have a life-changing effect on your physical and mental well-being. We tend to forget that our physical health falls right in line with our mental health. What you put into your body, how you treat your body, and the amount of love you give yourself is critical to our overall well-being. By staying active you will be able to think more positively and live longer!
Who wouldn’t want that?
SOCIAL INTERACTION
6 feet apart, no touching, and wear a mask! Three great steps to take to keep your self healthy from the virus.  Although it is important to maintain social distancing during the pandemic, it is equally as important to make sure you getting enough social interaction with others. There is a well-documented epidemic of loneliness taking place across the United States. This has only increased since the stay at home orders and lock downs have occurred.  As people age, loneliness can lead to poor physical and mental health, and ultimately to a shorter lifespan. By contrast, strong social connections can protect against loneliness, poor health, and cognitive decline. Try to set a goal of engaging in being socially active at least 4 times a week!
A PURPOSE IN LIFE
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While having a solid financial foundation, good health, and an active social life may put you ahead in life, those who have a strong sense of self-purpose will be more likely to have their happiness magnified, live longer, and truly make the most out of their retirement years living out their dreams. Finding one’s life purpose is no easy task, but it is one that can put you on your correct life path, bring you the most joy, and impact the most lives. Purpose can be found through your work, faith, volunteering, pushing one's self to the limits, and by pursuing one’s passions and relationships. According to geriatric research specialist Dr. Patricia Boyle, “Having a greater purpose in life — the degree to which a person derives meaning from life’s experiences — may help limit the harmful effects of changes in the brain that are associated with Alzheimer’s disease.”
Although planning for a happy retirement has a large focus on finances, your mental and physical well-being are just as important to make the most out of your Golden Years.
Written by Bobbie Taylor, Edited and revised by Rick Isaac
(thinkadvisor.com)
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