If you are planning on retiring in the near future, it is a good idea to give Goldberg and Associates in Atlanta a call for estate planning. You had better do it now before you get caught up in all of the tasks and chores you will be doing to prepare for retirement. You know what we are talking about; you have to worry about polishing the golf clubs, having your riding lawn mower tuned up and installing that wet bar in the basement.
We are being facetious, of course, not everybody will be installing a wet bar in their basement. The point we are trying to make is that you want to be prepared for the best possible outcome when you retire. So this year, instead of making resolutions about losing weight or eating more kale, make resolutions about what you need to do before and after retirement.
Spending Time With Family
Retirement isn’t all about golfing and doing the things you enjoy, there are people you need to enjoy as well. There is nothing more special than spending some quality time with the grandchildren. Upon retirement, they will probably be old enough to have some adventures with you.
Spending time with grandchildren can mean taking them out for a nice dinner or out for a round of golf. It is important that you keep the bond strong in your family.
Find Old Friends
When you retire, you will have extra time on your hands, so there is no excuse for you not to look up old friends you haven’t seen or talked to in years. We are also willing to bet that with social media and the internet, it isn’t too difficult to find these people and invite them back into your life.
Be a Volunteer
One of the beauties of retirement is that you have plenty of time to kill. Make the most of it by spending some of that time volunteering for a good cause. Volunteering is a great way to give back to your community. Research shows that people who volunteer have increased self-confidence and enjoy a sense of accomplishment. You will also feel that you have brought fulfillment to your life.
One might think that upon retirement, there is no need to hit the gym, but that is just not true. In fact, when you retire, it is critical for your health that you get the proper amount of exercise.
You don’t have to hit the gym for two hours a day to stay healthy, this can be accomplished by walking, playing golf or playing a game or two of pickleball.
Getting rid of all of the stuff you no longer want or need is a tedious process, but you will have the time upon retirement and it will free up some much-needed space in the house. While you take on this task, allow yourself time to evaluate everything you own and only get rid of the stuff you no longer have any use for.
Get Documents in Place
There will be a lot of paperwork that should be completed before you retire, much of it can be done right now. It is far better to swallow that bitter pill and get your will and power of attorney paperwork done than wait until it’s too late. Not to be morbid, but nobody knows how it will all end. It is better to get it done and then move on with your life.
Practice Your New Lifestyle
Take a couple of weeks off work and pretend that you are retired. Don’t take the time off and go on vacation or visit family in another state, take time off and sit around the house searching for something to do. Have your wife take off work and pretend to be retired as well.
This will give you a sense of what a typical week might be like when you retire. You will want to get a sense of what it will be like and the dynamics of this new lifestyle. For example, you will find out that it’s less busy at the places you like to shop or eat at. You might even decide to take up a new hobby or two to keep yourself busy and active.
If you have questions about estate planning, give Goldberg and Associates a call.