Generally speaking, there are two types of obstacles that stop people from retiring: finances and emotions. Do you feel like you’re ready for retirement? Figuring out the precise time to retire can be difficult for some individuals. A certain age is aimed for by some people: between 62 and 65 years of age. Others want to make sure they have a retirement account that has at least $1 million in it. That’s their financial retirement goal.
Though there are numerous signs someone is ready for retirement, they don’t all revolve around saved money or age. Additionally, they need to be emotionally ready.
Are You All Set To Retire?
You might be ready for retirement if…
- You have something to occupy your time other than a job.
- You enjoy having a social network.
- You have health insurance.
- To cope with emergencies, you have a plan in place.
- You have taken care of all your debts.
- You are prepared financially.
Something Other Than a Job
Chances are, at least five days a week, you went to a job. Once you retire, that job won’t be there anymore. Do you have something to occupy your time in retirement?
Now that you’re not going to your job anymore, you’ll want to form a new community. Social networking can be particularly useful here. You will miss the people you work with less if you are part of a social networking community.
Before you officially retire, make sure, if you had health insurance through your place of employment, you get a new policy in place. Remember that Medicare doesn’t cover everything (for those 65 and over), so you may want supplemental insurance or Medicare Advantage.
Money for Emergencies
Emergency expenses must be managed, so you’ll need to know you have strategies in place to cover them as well as everyday bills. This can include everything from unexpected medical bills and major home repairs to an investment bottoming out.
It’s best to eliminate any and all outstanding loans/debts before you retire. Doing this will ensure that the money you have, rather than going toward debt, can be applied to bills, emergencies, and general living expenses (and enjoyment).
To make sure you’re financially prepared for retirement, figure out what your daily, monthly, and annual costs will be. You need to be assured the income generated by Social Security, pensions, and savings will be sufficient to meet your needs.
When You’re Ready for Retirement – Check out Our Community
Our retirement community puts an abundance of support, activities, and resort-like amenities right at your doorstep. That way, it’s easier than ever for you to wake up in retirement, feeling inspired every morning. For those who can live independently, retirement living has never been more thoroughly enjoyable than here, at Sun City’s premier retirement community.
Courtesy of our Dimensions Health and Fitness program, you can stay both physically and mentally active. Our Celebrations Events and Activities program sees to it that there’s always something going on – from simple movie nights to more extravagant celebrations and parties. Click here for our current monthly schedule.
If you have any inquiries regarding sales and leasing, please phone us at 813-358-1747. All other questions can be referred to at 813-642-0860. You can also fill out our convenient online form to open the lines of communication. The best way to experience all we have to offer, however, is to schedule a tour.
Please contact us today – we look forward to meeting you.