What Will You Do When You Retire?

Posted on Sep 13 2013 - 11:57am by Ashley

Retirement

While many people planning for retirement tend to think about their finances – drawing from pensions, sorting out appropriate life insurance, paying off the mortgage for example – money is only one side of the retirement story. Older people also need to think about how to lead an interesting, fulfilling life after putting the days of full-time work behind them.

So, what options are available to you when you retire?

Working part-time

While the amount of hours involved in full-time work may not longer appeal to you, the prospect of going back in to work on a part-time or interim basis may be a rewarding prospect. For instance, if you have a hobby that could potentially be turned into a business, you could embark on a new business venture straight from your living room. You could even earn a little bit of extra cash to top up a pension.

However, turning a hobby into a business venture is not easy. You’ll need to discover whether you have the right accounting or marketing skills to turn your hobby into a fully-fledged business project. On the other hand, discovering and learning new tricks of the trade is part of the fun and, as you’re retired, you’ll have a lot of time on your hands to educate yourself!

Becoming a volunteer

If managing accounts and re-jigging balance sheets sounds like a nightmare, involving yourself in volunteer work could be just as satisfying and rewarding. Volunteering is a fantastic way to meet like-minded people and form new friendships along with helping out those less fortunate than ourselves.

Volunteering is also a good way to build personal growth and such schemes tend to leave a lasting mark on the volunteer. Volunteering can also deliver a sense of accomplishment and recognition, especially when helping out in a sector close to your heart.

Overall, volunteering is about making a difference to those who need it and many projects which hire volunteers are extremely grateful for your time and effort.

Playing sport

Retirement also delivers a fantastic opportunity to practice a sport. However, taking up a new sport or re-learning an old one is not just about beating your friends in competition; playing sport is also important to maintain fitness and health.

Whether you enjoy fishing, golf, tennis, biking or any other sport, retirement opens up a lot of options. Those wanting to learn a new discipline can even book lessons in their chosen sport; with enough training, you’ll soon be able to beat your friends in a friendly competition!

Furthermore, figures from the National Cancer Institute suggest those who engage in leisure-time physical activity had life expectancy gains of as much as four and a half years. Physical fitness can also improve agility, balance, coordination, reaction time, power and speed; essential component when trying to maintain health during old age. Engaging in sport can also improve cardiovascular endurance and muscular strength.

Overall, these are just three suggestions of a plethora of activities that can be performed during retirement. However, everyone is different; what will you choose?

Photo Credit: Pixabay/geralt

About the Author
Ashley

Ashley is an avid writer on lifestyles issues. He writes in partnership with British Seniors Insurance Agency. If you have any questions please contact him at acurtisauthor@gmail.com.