Karen Olson in her article titled, “Reimagining Retirement” discusses ways to plan for a meaningful retirement. Many of those approaching retirement age may ask themselves questions about what retirement will look like for them. It has been found that by the year 2050, 21 percent of elderly adults will be over 85 years old. This likely means that people may live another 30-plus years after their retirement, according to Jaye Smith, a coauthor of the book “The Retirement Boom: An All-Inclusive Guide to Money, Life, and Health in Your Next Chapter”. In the past few decades, 60 percent of those who retired went into “bridge jobs”, which are considered short-term positions. This is due to personal choice or out of necessity. A study done by Oregon State University found that those who continued to work after 65 had an 11 percent decreased risk of death than their counterparts who retired prior.
People who are considering retirement are often worried about how much money needs to be saved up before retirement. Since people are living longer and pensions are diminishing, a better question to ask if “What can I do next?” according to Chris Farrell. Identifying the things that help get you up in the morning can be beneficial and planning a vision can sort out what you’d like to do. Taking time to create and ponder on a bucket list can be helpful to determine the types of activities, vacations, etc. that you can do right now rather than when you’re aging and the opportunity may not be available due to health. As you reach retirement age, it can be a good time to create your own business. 26 percent of start-ups are currently being created by those 55-64 years of age. Finding a vision and purpose for later years of life can be a beneficial way to create a meaningful retirement. To find out more ways to keep yourself healthy, please visit our website at www.oxborochiro.com.
Source: https://experiencelife.com/article/reimagining-retirement/
