Make Your Best Retirement Plan

Most people dread their retirement years. They keep wondering how they will spend their time if they have been very active in their working years. Or else, they keep worrying about their health problems. In short, very few people look forward to retirement.

This attitude needs to be changed as retirement basically refers to the sunset years of your life. You need to enjoy it to the fullest as it is your last innings here. This can be made possible only if you start planning early for your retirement.

The only way to do this is to invest your hard earned money in something valuable that will appreciate in the long run. What can be better than investing in real estate whose value grows by leaps and bounds? This will help you spend the last years of your life in the lap of luxury, thus giving you a carefree life.

A number of real estate developers have new residential projects in developing locations like B.T. Road, North Kolkata. They have variants of 2 BHK, 3 BHK, and 4 BHK flats in their residencies. With their lush green ambiance and extensive amenities, they are perfect for retirees who wish to enjoy with their friends and family in this congenial atmosphere.

This article helps you make your best retirement plan and provide you with the right methodology to achieve your aim.

Youth is the Key

Ideally, you should save some part of your salary every month for your retirement. This functions much like your company’s Provident Fund. However, it may not be practical for everybody to start saving immediately as they need funds for their monthly expenses.

This is not a problem as you can start saving from your mid 30s also as there will be enough time for you to save enough for a rosy old age. After all, it’s never too late to start planning. When you retire at 65, you will have enough money that will help you last even if you live up to a ripe age.

Medical Insurance

Always ensure that you have medical insurance for serious illnesses. Even though you may have to pay a premium for this every year, still it is worth the price as it protects you from a wide range of diseases, especially terminal diseases like cancer and risky ones like cardiovascular troubles.

This fact should not be overlooked because medical expenses can become very high if anybody has a health problem like diabetes or blood pressure or even some orthopedic problem. These expenses will drain a senior citizen’s finances should they be unfortunate enough to have any such debilitating maladies.

Accident Insurance

Apart from this, you should also have accident insurance that will protect you in the same way. Some insurance policies come with both medical insurance and accident insurance that can be used together with a premium that is lesser than paying two separate premiums every year. So you can make use of such a policy to reduce costs and get maximum benefits.

Social Support

When you grow old, you may need help or assistance from someone to carry out your normal activities. Hence, you need to enlarge your social network to be in touch with others. Of course, you will also help them should the need arise.

Social support is of prime importance for everyone, not just senior citizens. It pays to start for this early in life so that you are not left in the lurch if you need any help. Hence, build your social circle based on your interests that will help you find real friends who will not desert you in times of trouble.

Invest Time in Hobbies and Leisure Activities

The best way of making your retired life happy and fruitful is to invest time in hobbies and leisure activities. This will keep you occupied and will help you do things that you wanted to do earlier but never got the time.

For example, if you wanted to write a book but never had free time, you could do it now. You could also go for painting or singing should that suit you better. If you love cooking, you can learn different recipes that could be from India or even abroad. This will definitely bring a smile to your face and a new flavor to your taste buds.

Do Regular Exercise

Physical exercise is absolutely essential for people of all ages and senior citizens are no exception to this rule. Contrary to popular perception, even senior citizens need regular exercise to keep them hale and hearty.

Obviously, the intensity of the workout will reduce with age. A senior citizen should not do the same level of exercise as a 24-year-old. So make sure to go for a long morning walk every day. This will not only help you to get exercise but will keep you happy. The sights of the beauty of nature will uplift your mood.

Always visit a garden in the early morning to see beautiful flowers and fluttering butterflies. These visuals and hearing the chirping of birds will make you want to live your life all over again. They will provide you the required impetus to live life king size in your closing years.

Buy a New Home

When you have reached old age, it doesn’t make sense to depend on your children all the time. They will be busy earning a living and will not be in a position to give you a lot of time no matter how much they love you.

So it makes sense to invest in a new house so that you can live independently and live life as per your desires. This also improves your relationship with your children as you spend quality time with them whenever they come for a visit or vice versa.

When you are buying a new house, make sure that you have all amenities and conveniences available at your doorstep so that you don’t waste time doing daily chores. This will keep you free for longer periods of time when you can enjoy your creative pursuits.