Sunday, December 15, 2013

4 Good Tips To Secure A Stable Retirement

There has been a lot of talk these days about retirement funds dwindling and the fact that many people may be forced to work late into their 70s. The truth is that those who plan ahead for their retirement and make intelligent investment decisions should have no trouble retiring when they feel the time is right. Here are four good tips that should ensure that you have a stable and financially secure retirement.

1. Invest in Stocks, Bonds and/or Mutual Funds

Investing is the best way to ensure that you have enough money to retire at a time of your choosing. While you may save up a lot of money through 40-50 years of working, investing gives you a chance to double or triple that sum by the time you retire. By conducting bond market research, buying stocks that you believe will rise in price, and researching the best mutual fund options, you will give yourself a great financial platform in retirement. Some prefer to invest in stocks and bonds independently. However, if you do not trust your knowledge of the markets, you may be better off letting a mutual fund handle the specifics of investing.

2. Keep Your Mind Sharp

Even if you have retired from your job, it is important to keep your mind fresh and stimulated every day. Find an intellectual activity that suits your personality. Whether it is reading a book, learning a new language, solving puzzles and riddles, or becoming a history buff, exercising your mind every day will help you stay healthier and livelier much longer.

3. Exercise Regularly

Keeping your body in the right shape is just as important as exercising your brain. While you are probably not going to be completing any marathons when you are 65 or 70, it is always good to walk a few times a week or head to the gym. Exercising will help you maintain a healthy weight, lower blood pressure, and keep your muscles and bones in tip top shape as you age.

4. Explore New Places and Things

Many people enter retirement and lose their purpose in life. No longer having to work everyday, they can become lost and confused in the adjustment period. Make exciting plans for retirement, such as visiting new continents, exploring new areas in your city, and meeting new people. Sometimes when we become adults and start having to spend all of our time working, we lose touch with some of the activities and hobbies that make us happy. Retirement is the perfect time to dust off your old guitar, or read that novel you always talked about reading. Not only will these activities broaden your horizons, but they will keep you excited and in good spirits.

Retiring can be daunting and overwhelming at the best of times, which is why you do not want to be unprepared. Secure your financial future, and make plans to keep you occupied during your retirement years. That way, retirement will be the next phase of your life, instead of being the beginning of the end.

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