As we go about the day-to-day grind of earning to work for a living, it’s easy to frequently think of retirement as blissful, stress-free rest. It’s true that getting a bit of rest and recreation is definitely essential, but there’s a limit to how much sleeping, pottering around the house and watching daytime TV one can do. If there is no plan for what life will be like the following retirement, many retirees are left feeling unfulfilled and uneasy, wishing for something more, but aren’t sure what it could be.
That is why it is important to consider your goals and aspirations for this next phase of your life.
Why is it Important to Fill the Void After Leaving Your Career Behind?
Retirement can be a significant shock to the system if you’re not prepared for it. The important thing is to find new activities and roles that can take the place of your former professional life. This will help you stay active, mentally sharp, and socially engaged. It can also prevent feelings of loneliness, isolation, and depression.
Here are some ideas of how you can fill the void after leaving your career behind:
Hit the Books to Find Meaning for Life After Retirement
If you listen to podcasts and read interviews with millionaires and visionaries some of the most frequent suggestions you’ll hear is to go through the book. The advice is as effective to pursue a passion for your career as it does to find your purpose to live your future following retirement.
The libraries and bookstores have a wide selection of books which include the following:
The Art of Happiness by Dalai Lama: This book is the foundation of positive psychology.
Gratitude by Oliver Sacks: The book chronicles the renowned author’s thoughts, dreams regrets, hopes, and most importantly, the emotions of joy, love, and gratitude, even though he battled cancer which took his life at the age of 82.
The Five Minute Journal: A Happier You in 5 Minutes a Day by Intelligent Change: Using the research of positivity psychology in order to increase the quality of life, The Five Minute Journal concentrates your attention on the positive aspects of your life. Increase your mental well-being and experience a better quality of life each day.
Try a Mindfulness App
Mindfulness apps are available everywhere. The concept behind many of these is that they assist you to be conscious of how you’re experiencing and learn how to manage your thoughts, which can lead to more happiness and meaning in your life.
Headspace: Get started with their calm, one-minute breathing practice to determine if this might be something you’d like to do.
Calm: Meditation with a voice as well as a variety of calming background sound effects.
Stop, Breath, and Think This app checks on how you’re experiencing and suggests a meditation according to your mood.
365 Gratitude: 365 Gratitude is an app based on science that can help you develop an attitude of gratitude in only 5 minutes per day. It is a crucial element of feeling and finding significance.
Meet With a Life Coach
The retirement counselor can help you see retirement not as a way to end but as an opportunity to enter the next exciting stage of your life. You might have thought about your retirement financial plan and even decided where you’d like to go, however, what will you do in the coming 20, 30, and 40?
- Prepare yourself for some challenging questions about death and life regrets, regrets, or forgotten dreams.
- They could bring you into part-time employment, humanitarian initiatives, entrepreneurial endeavors, or even creative pursuits that you’ve never considered previously.
- A retirement coach can guide you through intangibles, such as creating a new social network and identifying the value of your time.
Take Care of Your Finances
In 1943 psychology professor Abraham Maslow theorized that the most essential human requirements are physiological (air and water, food, clothing, shelter, and air) and security (personal and financial security and overall well-being). These essential requirements must be fulfilled before one can concentrate on higher-level and secondary desires like belonging, love, esteem, and self-actualization.
It’s just logical. If you’re in the middle of worrying about how much you’ll be able to spend to pay for food and shelter when you retire, your time and energy are spent taking care of those necessities before you think about achieving all your potential.
Being in danger of losing our basic needs could happen very quickly during our later years of retirement if we don’t have enough savings or income to cover the basic requirements for food, transport, shelter, and healthcare among others.
Think about how you can meet those fundamental needs in retirement, with enough left for higher-level requirements. After you’ve addressed those issues, your mind can consider more important questions like establishing friendships beyond your professional networks, maximizing your potential as an individual, and assisting others reach their goals.
How to Take Control of Your Pension Retirement
There are some essential things you can take care of to control your retirement savings and make sure you’re in the right direction for the best retirement possible.
Make sure you’re contributing enough for the maximum match from your employer. It’s free money, so it’s worth utilizing when your employer provides it. Your PRSA can be a great starting point for your retirement. You are in control of how you want your PRSA retirement fund to be invested and you can change your investment options at any point.
Also, speak to a financial adviser regarding other options to save money for retirement. They can provide valuable suggestions and tips on how you can best plan for your future.
With these suggestions, you can be in control of your pension retirement and make sure that you’re in the right direction for an enjoyable retirement. The earlier you get started with your retirement plan, the more relaxing your retirement will be.
Establish Your Pension Retirement Fund with NRFM
Predicting what could occur soon is impossible, but you can ensure your financial stability by taking care of your planning. It is essential to choose your retirement investments wisely to safeguard your funds. It is necessary to go to reliable retirement plan companies with high ratings and clearly describe ways pension retirement will provide you with security in your finances.
NRFM is among the very few firms that offer a comprehensive choice of self-invested retirement plans. NRFM guarantees its clients that they’re current with the most current pension law and gives customers a range of choices for investing.
Newcourt Retirement Fund Managers Limited (NRFM), together with Newcourt Pensioneer Trustees Limited, is an expert in self-invested retirement plans.
Our pension retirement products let you be flexible and have a choice in your retirement savings. Our knowledgeable team of administrators will ensure that you are always informed about your retirement savings and available to answer any queries.
When deciding which retirement pension plan is right for you, it is important to seek professional financial advice from a Qualified Financial Advisor to ensure that you are making the best decision for your individual needs.