Advice for Seniors: How to Transition into Retirement

Making the transition into retirement can seem daunting, but carving out a careful plan for the future can help take away any stress. Starting with small steps is a great way to feel positive about the future.

Plan Your Finances

The first step to a happy retirement is working out your financial plan. What assets and income do you have and what expenses will you need to cover? When working out your retirement finances, you’ll also need to take into account your tax liabilities. You might find it helpful to use an online retirement income calculator. If the uncertainty of a global pandemic makes you anxious, think about ways you can protect your retirement savings during the coronavirus scare, such as diversifying your portfolio.

Less Work, More Play

Ending your daily 9-to-5 too abruptly can feel disconcerting, but cutting back your hours to part-time allows you to gradually introduce more leisure time into your schedule. Sign up for talks or webinars or try out a yoga or Zumba class. Websites such as Facebook and Meetup regularly post events like hiking get-togethers and online language classes. 

Embrace Your Passions

Any change in life can be overwhelming, so find peace and joy in the things you love. Gardening and being outside in nature are well documented for reducing stress. Research also shows that volunteering later in life can result in good mental health and well-being. What are the things you’ve always wanted to do and where are places you’d like to go? Can you begin your senior years writing, recording music, or making your own wine?  

Find Your Community

Many seniors find a new lease on life and their social life revitalized when they join a retirement community. At Prime West Knoxville, we’ve made it our mission to create a vibrant independent living community with a philosophy of fun. From pickleball and putting tournaments to book clubs, quilting groups, and cooking classes, you’ll find plenty of ways to keep busy.

Enjoy a Smooth Transition into Retirement at Prime West Knoxville

Interested in finding out more about life in our friendly community? Reach out to us today to arrange a tour. Scheduled virtual tours are also available. Call (865) 219-2910 to learn more.

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