Before retirement, one prepares in terms of how to finance an intended lifestyle. Upon retirement, one chooses how to spend retirement time (and money?) and with whom.
Have enough to live on? This must first be addressed. Not at point of retirement. But early on. One has to plan for it. The best-laid plans may also foul up. Remember the rule: Don’t overestimate your income stream, nor underestimate your living expenses.
The joy of retirement is one of rediscovery — new found time, new found freedom, a new routine, and renewed appreciation of what life is really about.
— A. Major
Choosing how to spend time and money can be quite a chore. Here’s another rule: Don’t tax yourself thinking that you need to do something, always. It’s alright NOT to do anything, sometimes. Like if there’s a late TV show you didn’t want to miss or a pocketbook you can’t put down? Go ahead and stay up late. Don’t feel compelled to wake up early the next day. If you want to stay in bed the whole morning, you deserve it! If you need time with family and friends, you may also enjoy your time ALONE.
Where to spend your money? We don’t need much stuff by now. So spend on “experiences” and be happier for it. I would rather spend on a day trip with family than on a signature bag which I don’t really need. I don’t mind spending for spa treatments if it means feeling pampered after the session. We do need to feel good! And here’s something important: if you don’t feel good about yourself, how can you make others feel good?
If we are ever to enjoy life, now is the time, not tomorrow or next year…Today should always be our most wonderful day. —- Thomas Dreier