As time goes on, retirement in 2024 is approaching, which is an important turning point in life. In order to ensure a smooth and comfortable retirement, there are three key things to prepare in advance so that you don't lose yourself.
1. Financial planning.
Life after retirement** is largely dependent on pensions and personal savings. Therefore, adequate financial planning before retirement is crucial. First of all, it is necessary to understand your pension benefits, including basic pensions, enterprise annuities and personal savings pension insurance. Second, it is necessary to plan your personal savings reasonably to ensure that you have enough funds to support daily life and medical expenses after retirement.
Assess income and expenditure: Calculate projected income and expenses after retirement to ensure that income and expenditure are balanced. If your projected income doesn't cover your expenses, you'll need to adjust your savings and investment strategies ahead of time.
Reduce debt: Try to pay off debts such as mortgages and car loans before retirement to reduce the financial pressure after retirement.
Diversification: Invest your personal savings in different asset classes, such as bonds, real estate, etc., to reduce investment risk.
Consider purchasing insurance: To cover possible medical expenses and unexpected expenses, consider purchasing medical insurance, accident insurance, etc.
2. Health security.
After retirement, medical expenses may gradually increase as you get older. Therefore, it is important to prepare health coverage in advance.
Understand medical security policies: Understand the medical security policies in your area, including medical insurance reimbursement ratios, outpatient and inpatient treatment, etc.
Choose the right medical provider: Find out about nearby medical institutions and doctors to choose the right medical care for you.
Preventive health care: pay attention to preventive health care, conduct regular physical examinations, and detect potential health problems in a timely manner.
Exercise: Maintain proper exercise to enhance physical fitness and improve resistance.
3. Social and emotional support.
After retirement, you may face problems such as a shrinking social circle and increased loneliness. Therefore, it is equally important to prepare social and emotional support in advance.
Develop hobbies: Discover and cultivate your hobbies, such as calligraphy, painting, photography, etc., to enrich your retirement life.
Join community organizations: Participate in community organizations such as senior universities and community activity centers to make new friends and broaden your social circle.
Keep in touch with your family: Stay in close contact with your children and grandchildren to share your life and build relationships.
Pay attention to mental health: If you encounter psychological problems or troubles, seek professional psychological counseling and help in a timely manner.
Bottom line: Retirement is an important turning point in your life, and to ensure a smooth and comfortable retirement, you need to prepare ahead for financial planning, health protection, and social-emotional support. By assessing our income and expenditures, reducing debt, diversifying our investments, understanding our health care policies, choosing the right medical facility, focusing on preventative care, exercising and hobbies, joining community organizations, staying in touch with our families, and paying attention to our mental health, we can better prepare for retirement and enjoy the best in our old age. Autumn and Winter Check-in Challenge