Now that you have retired and have collected your
benefit, you must do the following:
1 Invest your money: Investment is the key to
survival in life , pension is not an exception, the retire need to invest his
fund profitable.
2 Be in tune with your partner , do not marry
another wife or husband :But the most devastating of all these fraud is the one
targeting on Retirees, experience has shown that old people are like children,
and it becomes worse when such people are single, may be due to fate or
unnecessary selection, they missed out on their life partner.
In an
article in Yahoo Finance captioned “7 ways to Retire happy” Mandi
Woodruff observed that “Happy retirees are more likely to be married” As
common as divorce is in the U.S. today, the overwhelming majority of happy
retirees were married (76%) and only 9% were divorced. Less than half of
unhappy retirees were married, while one-quarter were divorced, Wes Moss found.
This is right on par with what past research has shown about levels of satisfaction
in married and unmarried people — over the long term, married couples are much
happier. It’s fairly obvious why two may be
better than one in this scenario — dual incomes can make a huge difference
in a couple’s financial outlook. On the flip side, divorce not only reduces
both parties’ income but is also expensive to go through.
3 Avoid your young lovers as they are targeting
your money Most retirees end up using retirement money in marrying new wives
and procuring new cars. By so doing they attract people’s attention to their
life, they also end up having issues with their immediate family especially
their first wife who now feels alienated, even though they not know that
marrying a new wife set aside the
existing will, if there was no update of the previous will.
4 Avoid high risk income yielding investment: The
retiree should high risk investments instrument though they may yield high income
a shorter period of time but they can also go down the drain within the
shortest period of time
5 Check your health regularly: Health is wealth,
and all gone without health, as a retiree endeavor to check health regularly to
avoid medical issues etc
6 Avoid financial scam According Sheiresa
Ngo of the wall street journal , she noted that “Unfortunately,
seniors are often the targets of financial scams. The FTC recently
refunded more
than $2.4 million to investors who were tricked out of
millions of dollars in a precious metals scheme. The FTC says many of the
victims were senior citizens”
7 Be busy , with one vocation or the other, you may even work , do something even if it means joining a volunteer group, Start
kick starting a business or a vocation that will keep you busy during
retirement; a recent Merrill
Lynch survey found that nearly three out of four
people over 50 said their ideal retirement would include working. Which is
fine. Staying connected to the work world in some way can not only offer
financial benefits, it can also keep retirees more active and socially engaged”
8 Start adjusting your life toward old age and
start shedding harmful habits: Harmful habits are injurious to life, they
include, a life of smoking, drinking and other related life pattern that
affects ones health and life, it should be noted that one of the serious bills
affecting senior citizen is increasing medical bills, as old age has with it
issues pertaining to health and medical wellness.
9 Avoid expensive areas, states or location:
Research and experience has shown that some states, regions, locations are more
expensive than the others. it is good the retiree lives in a less expensive
city.
10 Network with other Retirees: Network is the in
thing , it’s good for the retiree to network with his colleagues, friends and
associates, because according to Achebe, the actual sharing of one’s thought
and deepest hope fulfilled and drive people to happiness.
11 Check your investments, pension pot regularly
and ascertain if it is growing or not, investment should be thoroughly
monitored so that if things are about going wrong, the investment can be move
to other profitable areas.
12 Be in tune with your God and pray regularly , develop
a special relationship with your God: Nothing is more important than an
existing good relationship with your maker, there is inner sense of joy and
happiness when you are in tune with God.
Culled from reginaldodunze.blogspot.com
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